Answer the questions below. Be sure to put your answers in a 2-3 page paper APA format. 1.1.Page Inc., a computer manufacturer located in Texas, lost an uninsured building due to the infrequent and unusual occurrence of a hurricane. The building has a balance sheet value of $30,000 and will cost $165,000 to rebuild. Page’s income tax rate is 40%. Calculate the amount of any extraordinary loss that should be reported on Page’s income statement. Prepare a partial income statement that shows how the item will be presented. 1.2. Accrued wages payable on December 31, 2008 and 2009 are $9,000 and $4,000, respectively. During 2009, wages expense is $36,000. Calculate the amount of cash paid for wages during 2009. 1.3. At the beginning of 2010, Kacie Corp.’s allowance for doubtful accounts is $9,000. During 2010, $7,000 was written off as uncollectible. At December 31, the company used an aging schedule of accounts receivable and determined that $8,000 of the accounts receivable would probably be uncollectible. Calculate bad debts expense to be reported on Kacie’s 2010 income statement.