The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $110,000; Allowance for Uncollectible Accounts = $4,000 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Required:1. Estimate the amount of uncollectible receivables.2. Record the adjustment for uncollectible accounts on December 31, 2021.3. Calculate net accounts receivable.

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Estimated Percent Uncollectible Amount Receivable Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Total $ 60,000 4% 20% 30% 26,000 16,000 8,000 85% $110,000