11. Manilow Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Manilow's Accounts receivable account was OMR555,000 and allowance for Doubtful Accounts had a credit balance of OMR 40,000. The year-end balance reported in the statement of financial position for the allowance for doubtful accounts will be based on the aging schedule shown below. Required. a. What is the appropriate balance for the Allowance for doubtful Account at year end? b. Show how accounts receivable would be presented on the statement of financial position