RequiredAssume that Classic Auto Parts uses the allowance method of accounting f

RequiredAssume that Classic Auto Parts uses the allowance method of accounting for uncollectible accounts and estimates that 1 percent of its sales on account will not be collected. Answer the following questions:a. What is the Accounts Receivable balance at December 31 2012?b. What is the ending balance of the Allowance for Doubtful Accounts at December 31 2012 after all entries and adjusting entries are posted?c. What is the amount of uncollectible accounts expense for 2012?d. What is the net realizable value of accounts receivable at December 31 2012?