Jordan Company ended 2011 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $56,500 and $970 (credit), respectively. During 2011, Jordan wrote off $4,700 of Uncollectible Accounts. After aging its receivables, Jordan estimates that the ending Allowance for Doubtful Accounts balance should be $5,900. What wi

Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?