Web Wizard, Inc., has provided information technology services for several years. For the first two months of the current year, the company hes used the percentage of credit sales method to estimate bad debts. At the end of the first quarter the company switched to the aging of sccounts receivable method. The company entered into the following partial list of transactions during the first quarter a. During January, the company provided services for $38,000 on credit b On January 31, the company estimated bad debts using 1 percent of credit sales c On February 4,the company collected $19,000 of accounts receivable. d On February 15, the company wrote off $100 account receivable. e During February, the company provided services for $28,000 on credit f On February 28, the company estimated bad debts using 1 percent of credit soles. g On March 1, the company loaned $2,400 to en employee, who signed 6% note, due in 6 months. h. On March 15, the company collected $100 on the eccount written off one month earlier. i On March 31, the company sccrued interest earned on the note On March 31, the company adjusted for uncollectible accounts, based on an aging analysis (belowl, Allowance for Doubtful Accounts has an unecjusted credit balance of $1,180 Nurber of Days Unpaid Total e- 31-6 61-92 Over 9 Alabama Touris Blayside Bungalows Others (not shown to save space) Xciting Xcursions 200 100 80 20 s0 5 380 16,602 ,68e ,20 ,eae Total Accounts Receivable Estimated Uncollectible ) $17,580 7,100 8,280 1,020 1,180 40 2% 15% 0t Required: 1. For items (o- analyze the transaction to determine effects on specific financial statement accounts and the overall accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders Equlty with a minus sign. Do not round Intermedlate calculations.)