Problem 2 Al Saffa Designs has inventory on hand amounting to RO 87,450 , before any adjustment at the end of 2022 . The following items were not included in this inventory: 1. Purchased goods in transit costing RO 2,100, shipped FOB destination 2. Purchased goods in transit with cost of RO3,700, under terms FOB shipping point 3. Goods sold to Mr. Abdullah under terms FOB destination, cost is RO 1,700 4. Goods held on consignment for Xavier Company at a sales price of $2,700, which included sales commission of 20% of sales price Required: Determine the value of inventory that Al Saffa Designs should report on its balance sheet at the end of the year 2022 . Problem 3 During its first year of operations, Gladd Company provides services on account of $250,000. By the end of the year, cash collections on these accounts total $130,000. The company estimates that 10% of accounts receivable will be uncollectible at the end of the year. At the end of the year, Gladd Company writes off a customer's account (Mr. Ahmad) of $3,800. The following year after that, Mr. Ahmad unexpectedly pays the $3,800 balance. Gladd Company uses the allowance method in estimating uncollectible accounts. Required: a) Determine the uncollectible accounts expense for the year. b) Prepare all the related the entries in the case. c) The balance in Allowance for Doubtful Accounts after adjustment