Suppose your roommate is looking at the financial statements-specifically, the balance sheet of Chafiq Enterprises as part of class project, and they ask you questions about the following line items: From the 'assets' section: Allowance for uncollectible accounts ($50,000) Building $10,000,000 Accumulated depreciation - building Net book value ($4,000,000) $6,000,000 From the 'contingent liabilities' section: Estimated liability from lawsuit. $2,000,000 From the 'equity' section: Retained earnings Required: $76,000,000 Answer the following questions for your roommate: A. What is the 'allowance for uncollectible accounts," and why is it shown as a negative number in the assets section? B. Is $6m the price that Chafiq could likely get if they tried to sell their building? Why or why not? C. Does Chafiq have to pay $2,000,000 for losing a lawsuit? Why or why not? D. What is 'retained earnings? Does that line item mean that Chafiq could pay $76m in dividends to its shareholders? Why or why not?