Problem: Module 2 Textbook Problem 4 Learning Objective: 2.2 Use the percent of revenue method to account for uncollectible accounts expense The accounts recelvable balance for Renue Spa at December 31, Year 1 , was $84,000. Also on that date, the balance in the Allowance for Doubtful Accounts was $2,400. Total retained earnings at the end of Year 1 was $81,600. During Year 2, $2,000 of accounts recelvable were written off as uncollectible. In addition, Renue unexpectedly collected $180 of receivables that had been written off in a previous accounting period. Services provided on account during Year 2 were $218,000, and cash collections from recelvables were $220,000. Uncollectible accounts expense was estimated to be 1 percent of the sales on account for the period. Required a. Organize the information in accounts under an accounting equation. b. Based on the preceding information, compute (ofter year-end adjustmentk. 1. (1) Balance of Allowance for Doubtful Accounts at December 31, Year 2. 2. (2) Balance of Accounts Receivable at December 31, Year 2. 3. (3) Net realizable value of Accounts Recelvable at December 31, Year 2. c. What amount of uncollectible accounts expense will Renue Spa record for Year 2? Complete this question by entering your answers in the tabs below. Organize the information in accounts under an accounting equation. (Enter any decreases to account balances with a minus there is no effect on the Accounts Tiges for Retained Earnings, leave the cell blank. Not all cells will require entry.) Complete this question by entering your answers in the tabs below. Based on the preceding information, compute (after year-end adjustment): (1) Balance of Allowance for Doubtful Accounts at December 31, Year 2. (2) Balance of Accounts Recelvable at December 31 , Year 2. (3) Net realizable value of Accounts Recelvable at December 31 , Year 2. What amount of uncollectible accounts expense will Renue Spa record for Year 2