Question 1 4 pts On December 31, 2020, the balance in the allowance for uncollectible accounts was $250,000. Gross accounts receivables balance increased by $100.000 during the year ending 12/31/2021. Credit sales during the year ending 12/31/2021 were $2,000,000. The firm recognized bad debt expenses of $90,000 for the year ending 12/31/2021. Determine the total cash collections from accounts receivables during the year ending 12/31/2021: O A. $3,449.500 O B. $1,794,500 O C. $1,665,500 O D. $1,694,500 O E. $1,890,000 Question 2 4 ptsthe imag D Section 1 - Assets and Ratios (Two questions for a total of eight points) Nobeltone sells advanced, internet-connected gym equipment and generally sells their products on credit. Nobeltone reported gross receivables and estimates of uncollectible from its accounts receivable as of December 31, 2021, as follows: Age Gross Percentage Amount Receivable expected to be not balance received expected to be received Current $1,000,000 95% $50,000 1-30 days past due $250,000 80% $50,000 31-60 days past due $180.000 60% $72,000 61+ days past due $125.000 50% $62.500 Total $1,555,000 $234.500 If the image above does not load, please click here