please solve problem number 8 type answer, show all work and answer all parts. Thanks

8. Brite Corp, had the following labities at Decber 31, Year 6 Accounts payable Unsecured notes, 8%, due 7/ 1 Meer 7 Accrued expenses Contngont liablity Deferred income tax liability Senior bonds, 796, due 3/31/Year 7 $ 55,000 400,000 35,000 450,000 25,000 1,000,000 The contingent liablity is an accrual for possible losses on a $1 mllon lawsuit fled against Brite, Brite's legal counsel expects the suit to be settled in Year Band has estimated that Brite will be liable for damages in the range of $450,000 to $750,000. The delerred income tax labil ty is not related to an assot for financial reporting and is cxpected to roverse in Yoar 8. What amount should Brite report in its December 31, Year 6, balance sheet for current liabiities? 8. Duning the year, Kiner Company made an entry to wnite off a $32,000 uncolectble account. Before his entry was made, the belance in accounts reoeivable was $400,000 and the balance in the alowance account was $36,000. What was the entry to write ofT the uncollectble account and what was the net realzable value of accounts receiable ater the write-off? 10, The following information is available for Monroe Company Allowance for doubtul accounts at December 31, 2017 Credit sales during 2018 Accounts receivable deemed worthless and wnitien oftf during 2018 $24,000 1,200,000 27,000 As a result of a review and aging of accounts receivable in eary January 2019, it has been detenmined that an allowance for doubtful accounts of $16,000 is needed at December 31, 2018, What amount wil Monroe repord as "bad debt expense" for the year ended December 31, 20101? 11, Sun Inc, factors S6,000,000 of its accounts roccivables with repourse for a finance charge of 3%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. Sun estimates the fair value of the recourse lablity at $300,000. What journal entry wil