$20$ POINTS and $8\mathrm{.}5$ Extra Credit Points

Estimated TIME $20$ minutes $($ROUND ANSWERS TO TWO DECIMAL POINTS$)$

Below is the Accounts receivable aging report by customer of Wrigley, Inc as of December, $312021$

$\backslash$table$[[$Name of Customer,$\backslash$table$[[$Balance$],[$December $31]],\backslash$table$[[$Under $30],[$days$]],\backslash$table$[[30-60],[$Days$]],\backslash$table$[[61-90],[$days$]],\backslash$table$[[91-120],[$days$]],\backslash$table$[[120],[$days$]]],[$Joe Girardi,$101,500,0,6,500,77,000,18,000,0],[$Tommy Lasorda,$92,500,50,000,7,500,0,0,35,000],[$Dave Roberts,$55,000,0,0,0,0,55,000],[$Joe Maddon,$2,016,2,016,0,0,0,0],[$David Ross,$219,600,0,201,600,0,,18,000],[$Bob Melvin,$161,700,5,700,,74,000,82,000,0],[$Dusty Baker,$48,400,0,0,4,400,17,000,27,000],[$Total Accounts,,,,,,$],[$Receivable balance,,,,,,$],[12/31/21,,,,,,]]$

Wrigley uses the following methodology to determine the required balance in its Allowance for Doubtful accounts at each year end date:

$\backslash$table$[[,\backslash$table$[[$Estimated$],[$Reserve$],[$balance$]]],[\backslash$table$[[$Current$/$Under $30],[$days$]],1\mathrm{.}50\%$