Question: 2 . ABC Communications, Inc. started to operate on January ( 1 ^ { 1 4 } ) , 2 0 2 3

2. ABC Communications, Inc. started to operate on January \(1^{14}\),2023. Review the financial statements below for its first year of operations, and answer the following questions: 1. What were the accounts receivables write-offs in 2023 and 2024?2. Ignoring the current method to account for bad debt expense, assume that \( A B C \) should use the percentage of sales method to calculate an allowance for bad debt expense. Reconstruct ABC's financial statements for years 2023 and 2024, using \(1\%\) of sales. Rely on the write-offs calculated in Question 1 above and assume no other changes. 3. Ignoring the current method to account for bad debt expense, assume that \( A B C \) should use the percentage of ending accounts receivable method to calculate an allowance for bad debt expense. Reconstruct ABC's financial statements for years 2023 and 2024, using \(5\%\) of accounts receivable balance. Rely on the write-offs calculated in Question 1 above and assume no other changes. ABC Communications, Inc.
2 . ABC Communications, Inc. started to operate

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