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Question 10.10.( TCO 10) The annual return used to report Federal Une mployment Tax is the( Points: 6) 1.( TCO 5) What are the five objectives of internal control? Pick one of t he five and describe it in detail. Give an example of an internal control t hat meets that objective.( Points: 26) Question 2. 2.( TCO 6) ASO Corp. had the following situations during t he last 4 years of operation: i. The Allowance for Uncollectible Accounts has a $ 1,700 credit balance prior to adjustment. Net credit sales during 2011 are $ 600,000, and 3 % are estimated to be uncollectible. Accounts Receivable has a balance of $ 110,000 on Dec 31, 2011. ii. The Allowance for Uncollectible Accounts has a $ 900 debit balance p rior to adjustment. Based on an aging schedule of accounts receivable pr epared on December 31, 2012, $ 17,900 of accounts receivable are estim ated to be uncollectible. Accounts Receivable has a balance of $ 104,000 on Dec 31, 2012. iii. The Allowance for Uncollectible Accounts has a $ 1,100 credit balanc e prior to adjustment. Based on an aging schedule of accounts receivable prepared on December 31, 2013, $ 20,000 of accounts receivable are esti mated to be uncollectible. Accounts Receivable has a balance of $ 87,000 on Dec 31, 2013. iv. The Allowance for Uncollectible Accounts has a $ 500 debit balance prior to adjustment. Net credit sales during 2014 are $ 900,000, and 2 % a re estimated to be uncollectible. Accounts Receivable has a balance of $ 125,000 on Dec 31, 2014.( Points: 26) Question 3. 3.( TCO 7) Manito Company had the following inventory da ta for the current month. Units Unit Price Total Inventory 12 / 1 / 11 15 $ 55 $ 825 Purchase