The following information is available for Quality Book Sales's sales on account and accounts receivable: Accounts Receivable Balance, January 1, Year 2 Allowance for Doubtful Accounts, anuary 1, Year 2 Sales on Account, Year 2 Collections of Accounts Receivable. Year 2 $78,500 4,710 550,000 556,000 ces After several collection attempts, Quality Book Sales wrote off $2.850 of accounts that could not be collected. Quality Book Sales estimates that 0.5 percent of sales on account will be uncollectible, Required a. Compute the following amounts: (1) Using the allowance method, the amount of uncollectible accounts expense for Year 2 (2) Net realizable value of receivables at the end of Year 2 1 2 Uncoctible accounts expense Not realizable value On May 1. Year 1. Benz's Sandwich Shop loaned $10,000 to Mark Henry for one year at 6 percent interest. Required a. What is Benz's interest income for Year 1? b. What is Benz's total amount of receivables at December 31, Year 1? c. How will the loan and interest be reported on Benz's Year 1 statement of cash flows? d. What is Benz's interest income for Year 2? e. What is the total amount of cash that Benz's will collect in Year 2 from Mark Henry? f. How will the loan and interest be reported on Benz's Year 2 statement of cash flows? g. What is the total amount of Interest that Benz's earned on the loan to Mark Henry? a. Interest income b. Receivables C d Interest income 0 Cash 1 9. Interest earned