1. A company uses the aging of accounts receivable method to estimate its bad debts expense. n December 31 of the current year an aging analysis of accounts receivable revealed the following: Estimated Uncollectible Account Age Current (not yet due) 1-30 days past due 30-60 days past due 61-90 days past due 90-120 days past due Over 120 days past due Total $620,000 270,000 145,000 55,000 32,000 18,000 0.5% 2.0% 8.0% 20.0% 50.0% 70.0% Required: a. Calculate the amount of the Allowance for Doubtful Accounts that should be reported on the current year-end balance sheet. b. Calculate the amount of the Bad Debts Expense that should be reported on the current year's income statement, assuming that the balance of the Allowance for Doubtful Accounts on January 1 of the current year was $41,000 and that accounts receivable written off during the current year totaled $43,200. c. Prepare the adjusting entry to record bad debts expense on December 31 of the current d. Show how Accounts Receivable will appear on the current year-end balance sheet as of December 31 5