b. Journalize the transactions under the allowance method, assuming that the allowance account had a balance of $36,000 at the beginning of the year and the company uses the analysis of receivables method. Rustic Tables Company prepared the following aging schedule for its accounts receivable: Aging Class (Number of Days Past Due) Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts 0-30 days $320,000 1% 31-60 days 110,000 3 61-90 days 24,000 10 91-120 days 18,000 33 More than 120 days 43,000 75 Total receivables $515,000 DateAccountDebitCredit June 8 Aug. 14 Oct. 16 Oct. 16 Dec. 31 Dec. 31 Question Content Area c. How much higher (lower) would Rustic Tables' net income have been under the direct write-off method than under the allowance method? by fill in the blank 1 of 1$