Required information Exercise 5-19A Compare the percentage-of-receivables method and the percentage of credit-sales method (LO5-9) [The following information applies to the questions displayed below) Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31, 2021 5251,000 46,000 1,100 (Credit) Exercise 5-19A Part 3 3. Calculate the effect on net income (before taxes) and total assets in 2021 for each method. Suzuki estimates 12% of receivables and 3% of credit sales respectively will not be collected Percentage of Receivables Method Percentage of Credit Sales Method Total assets Net income