The general ledger of Pop's Fireworks Includes the following account balances in 2024: Accounts Cash Debit $22,000 Credit Accounts Receivable 43,500 Allowance for Uncollectible Accounts $3,000 Supplies 7,900 Notes Receivable (8 %, due in 2 years) 18,000 Land 89,000 Accounts Payable 13,100 Common Stock 122,000 Retained Earnings 30,300 Service Revenue Salaries Expense Utilities Expense 125,600 71,300 25,400 Supplies Expense Totals 16,900 $294,000 $294,000 In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 June 8 Provide additional services on account for $11,000. All services on account include terms 2/10, n/30. Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $7,000. November 15 Write off customer accounts of $3,100 as uncollectible. The following Information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint. Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accounts.) b. Accrue Interest on the note receivable of $18,000, which was accepted on October 1, 2024. Interest is due each September 30. No 1 Date June 03, 2024 Accounts Receivable Service Revenue 2 June 08, 2024 Cash Sales Discounts Accounts Receivable General Journal Debit 11,000 6,860 Credit 11,000 140 7,000 November 15, 3 Allowance for Uncollectible Accounts 3,100 2024 Accounts Receivable 3,100 Revenue: Total Revenue Expenses: Pop's Fireworks Income Statement For the year ended December 31, 2024 0 0 0 0 $ 19 Total Expenses 0 $ 19 0 Assets Current Assets: Pop's Fireworks Balance Sheet December 31, 2024 Current Liabilities: $ 0 0 0 Liabilities 0 0 Total Current Liabilities 0 Total Current Assets 0 Total Liabilities Long-term assets: Stockholders' Equity 0 0 0 0 Total Stockholders' Equity 0 Total Assets $ 0 Total Liabilities & Stockholders' Equity $ 0 Analyze the following information: (a) By how much does the year-end estimate of future uncollectible accounts reduce net income in 2024? Bad Debt Expense (b) What is the ending balance of Allowance for Uncollectible Accounts? Ending Balance of Allowance for Uncollectible Accounts (c) What amount of cash is expected to be collected from accounts receivable? Amount expected to be collected