Required Information of 4 (The following information applies to the questions displayed below Execusmart Consultants has provided business consulting services for several years. The company has been using the percentage of credit sales method to estimate bad debts but switched at the end of the first quarter this year to the aging of accounts recevable method. The company entered into the following partial tist of transactions ed a During January, the company provided services for $280,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c On February 4, the company collected $140,000 of accounts recelvable. d On February 15, the company wrote off a $550 account recelvable. e During February, the company provided services for $230,000 on credit. t On February 28, the company estimated bad debts uslng 1percent of credit sales g On March 1, the company loaned $18,000 to an empioyee, who signed a 10 % note due in 3 months. h On March 15, the company collected $550 on the account written off one month earler L On March 31, the company accrued interest earned on the note. On March 31, the company adjusted for uncollectible accounts, based on the following aging analysis, which Includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $7,600. k ence Number of Days Unpaid 0- 30 700 S Customer Total $ 1,600 S 31-60 61-90 Over 90 300 Arrow Ergonomics Aaymmetry Architecture Others (not shown to save space) Weight Whittlers Total Accounts 600 $ 2,800 $2,800 93,100 35,500 47,000 5,800 4,800 2,800 2,800 $100, 300 $39,000 $47,600 $6, 100 $7.600 Receivable Estimated UncollectLble () 24 154 25% 451 4. Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivabie. Name two other accounts related to Accounts Receivable and Notes Recevabe that wou d be reported on the income statement and indicate whether each woid appear beore. dr after ncome tiom Operatons Execusmart Consultants WOURD report Income from Operations inoome from Operations