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The following information relates to questions 1-3 Holland Tulips uses the allowance method to account for bad debts. At the beginning of 2021.the allowance account

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The following information relates to questions 1-3 Holland Tulips uses the allowance method to account for bad debts. At the beginning of 2021.the allowance account had a credit balance of $75,000 Credit sales for 2021 totaled 5321.000 and the year and AR balance was 1490,000. During this year, 573,000 in receivables were determined to be uncollectible and were written off Holland Tulips anticipates at year end that $68,000 of total A/R will ultimately become uncollectible. The fiscal year ends on December 31 1. What is the incremental impact on net income for 2021 related to all information discussed above? QUESTION 3 Same information as #1 3. What was the total amount of A/R that existed at 1/1/217

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