The following selected transactions were taken from the records of Rustic Tables Company for the year ending December 31, 2016: June 8. Wrote off account of Kathy Quantel, $8,485. Aug. 14. Received $3,045 as partial payment on the $12,535 account of Rosalie Oakes. Wrote off the remaining balance as uncollectible. Oct. 16. Received the $8,485 from Kathy Quantel, whose account had been written off on June 8. Reinstated the account and recorded the cash receipt. Dec. 31. Wrote off the following accounts as uncollectible (record as one journal entry): Wade Dolan $4,640 Greg Gagne 3,640 Amber Kisko 7,150 Shannon Poole 2,970 Niki Spence 6,630 31. If necessary, record the year-end adjusting entry for uncollectible accounts. Rustic Tables Company prepared the following aging schedule for its accounts receivable: Aging Class (Number of Days Past Due) Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts 030 days $317,900 2% 3160 days 113,600 4 6190 days 24,100 10 91120 days 17,700 31 More than 120 days 42,000 72 Total receivables $515,300 Required: A. Journalize the transactions for 2016 under the direct write-off method. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. B. Journalize the transactions for 2016 under the allowance method, assuming that the allowance account had a beginning balance of $35,900 on January 1, 2016, and the company uses the analysis of receivables method. If no entry is required, simply skip to the next transaction. Refer to the Chart of Accounts for exact wording of account titles. C. How much higher (lower) would Rustic Tables 2016 net income have been under the direct write-off method than under the allowance method?