Vanity Ltd is an insurance company that purchases insurance called reinsurance

against expected losses it insures. In other words, Vanity purchases insurance on the insurance policies that it sells to its customers. Once its insured losses are incurred, Vanity files claims with reinsurers, which are then recorded as an asset, $$reinsurance recoverable$.$ The following information is taken from Vanity Ltd$$s $2022$financial statements: Reinsurance recoverable is presented net of a valuation allowance for uncollectible reinsurance determined based

upon a review of the financial condition of reinsurers and other factors. The valuation allowance for uncollectible

reinsurance is based on an estimate of the reinsurance recoverable balance that will ultimately be unrecoverable due

to reinsurer insolvency, a contractual dispute, or any other reason.

$1.$ How much was owed to Vanity by reinsurers at the end of $2022?$ Of the amount

owed, how much did Vanity expect to collect?

$2.$ What amount of expense related to the uncollectible reinsurance did Vanity

record in $2022?$

$3.$ What percentage of Vanity's reinsurance recoverable was expected to be

uncollectible at the end of $2022?$