Question 2 During its first year of operations, Ayayai Company SE had credit sales of 3,982,100; 683,200 remained uncollected at year-end. The credit manager estimates that 38,190 of these receivables will become uncollectible. Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Prepare the current assets section of the statement of financial position for Ayayai Company. Assume that in addition to the receivables it has cash of 94,060, inventory of 118,800, and prepaid insurance of 8,470. (List Current assets in reverse order of liquidity.) AYAYAI COMPANY Statement of Financial Position (Partial)