Please refer to a partial footnote from 1999 Callaway Golf Co. After long economic boom US firms were facing a major economic slowdown from 1999 and on. Some of the investors questioned Callaway's accounting treatment of account receivables and inventory obsolescence. Please compute how much Callaway managed up or down their 1999 earnings compared to 1998 by analyzing account receivable and Inventory accounts.

a. Account Receivables:

b. Inventory Obsolescence:

c. Summary conclusions: