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Help asap pls Sheridan Co$.$ manufactures and sells plumbing fixtures for homes & businesses. All its sales are made on credit to wholesale

distributors.

Information for Sheridan Co$.$ for the current year is as follows:

Assume that Sheridan Co$.$ estimates its credit losses based on an aging analysis of its year$-$end accounts receivable, which

indicates that a provision for uncollectible accounts of $$32,000$ is required:

If there is a debit balance of $$8,900$ in its allowance for expected credit losses on December $31,$ before adjustment,

i$.$ What amount will the company report on its income statement as credit losses?

$

ii$.$ What amount will it report on its balance sheet as the carrying amount of its accounts receivable? Assume that Sheridan Co$.$ estimates its credit losses based on an aging analysis of its year$-$end accounts receivable, which

indicates that a provision for uncollectible accounts of $$32,000$ is required:

If there is a $$8,900$ credit balance in the allowance for expected credit losses on December $31,$ before adjustment,

i$.$ What amount will the company report on its income statement as credit losses?

$

ii$.$ What amount will it report on its balance sheet as the carrying amount of its accounts receivable?

$

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