tof As an employee of TejLight Company, you are provided with the following information: Account Balances, December 31, 2019 Accounts Receivable Current 1-30 days 31-60 days DR CR 325,000 177,000 72,000 61-90 days 65,000 over 90 days 20,600 659,600 Allowance for Doubtful Accounts 13,000 Sales (on account/credit) Sales discounts 2,500,000 25,000 TejLight Company uses the Allowance Method to estimate uncollectible accounts. In 2019 an analysis determined that 2.5% of net credit sales sold during the year will be uncollectible. Required: Under the Allowance Method where 2.5% of net credit sales is deemed uncollectible, what is the ending balance in the Allowance for Doubtful Accounts on December 31, 2019? Choose... Required: Under the Allowance Method where 2.5% of net credit sales is deemed uncollectible, what is the amount found in the Income Statement for the Year Ended December 31, 2019? Choose... Time le Required: In 2020, a previously written-off account in the amount of $500 is now collected. How does this transaction affect the 2020 financial statements at the end of the year? Select ALL that apply.