Remaining Time: 1 hour, 34 minutes, 37 sends Question Completion Status: QUESTION 26 Crazy T-Shirts uses the Allowance method to account for uncollectible accounts receivable. As of December Accounts Receivable balance of $200,000 will not be collected. Based on this information, please answer the following on 31, 2021, Managment us that PC st 1. What should the balance in the Allowance for Doubtful Accounts be as of December 31, 20217 (3 points) 2. What would the net balance of Accounts Receivable be on the company's balance sheet as of December 31, 20217 (3 poin 3. Assuming that the company had a $2,000 credit balance in its Allowance for Doubtful Accounts prior to any adjustments being made, what is the ating entry required to increase the allowance to the amount you calculated in number 1 above? (4 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Open Sans,sa... v 10pt < T