Required information The following information applies fo the questions displayed below.] Elite Events Corporation has provided event planning services for several years. The company has been using the percentage of credt sales method to estrate bad debts but switched af the end of the first quarter to the aging of accounts receNable method. The company entered into the following partial list of transactions during the first quarter. a During January, the company peovided services for $300.000 on credit. b. On January 31, the company estimated bad debts usang 1 percent of credit sales. c On February 4 , the compary collected $250,000 of accounts recervable. di On February 15, the company wrote off $3,000 account receivable. e. During February, the company provided services for $250,000 on credit. fon February 28 , the company estimated bad debts using 1 percent of credit sales 90On March 1. the company loaned $15.000 to an employee who signed a 4% note, due in 9 months. h. On March 15, the company collected $3.000 on the account writen off one month eartier. C On March 31, the company acctued interest earned on the note. fon Match 31, the compary adjusted for uncollectible accounts, based on the following aging analysas, which includes the preceding transactions (as well as others not listed). Proo to the adjustment, Alowance for Doiabtful Accounts had an unadjusted credit balance of $9000. 1. For items (a) to (i). analyze the amount and direction (t or ) of effects on specific financial statement accounts and the overali accounting equation. (Do not round intermediate calculations. Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.)