1. At December 31, 2018, Luna Toys had a balance of $165,400 in its Accounts Receivable account and a credit balance of $600 in its Allowance for Doubtful Accounts account. Luna Toys analyzed and aged its accounts receivable based on the following estimated uncollectible amounts: Receivables Estimated % Age of Accounts Balance Uncollectible Current $ 87,000 0.6% 31 to 60 day 44,200 2.0% 61 to 90 days 17,800 5.5% Over 91 days 16,400 21.0% Total $165.400 The company bases its provision for credit losses adopting an aging analysis concept. / Required: a. What amount of bad debt expense will Luna Toys report in its 2018 income statement? b. How would Accounts Receivable and the Allowance for Doubtful Accounts appear in its December 31, 2018, balance sheet? c. After the adjusting entry from part [a] was posted, then what would be the following journal entry if an account valued at $1,000 actually were declared uncollectable