[The following information applies to the questions displayed below] The following events occur for The Underwood Corporation during 2015 and 2016, its first two years of operations Provide services to customers on account for $32,000 Receive $17,500 from customers on account. June 12, 2015 September 17, 2015 December 31, 2015 Estimate that 45% of accounts receivable at the end of the year will not be received. Provide services to customers on account for $47,000. March 4, 2016 Receive $10,000 from customers for services provided in 2015 Write off the remaining amounts owed from services provided in 2015. Receive $37,500 from customers for services provided in 2016. Estimate that 45% of accounts receivable at the end of the year will not be received. May 20, 2016 July 2, 2016 October 19, 2016 December 31, 2016 8 value: Re 0.50 points 2. Post transactions the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Cash Accounts Receivable December 31, 2015 December 31, 2015 0 December 31, 2016 December 31, 2016 0 0 Allowance for Uncollectible Accounts December 31, 2015 0 December 31, 2016