2. So x Co. began operations on January 1, Year 1. On December 31, Year 1, Sox provided for uncollectible accounts based on i% of annual credit sales. On lanuary 1, Year 2, Soehanged its method of determining its allowance for uncollectible accounts by applying certain percentages to the accounts receivable aging as follows: Days past invoice dato 0-30 31-90 91-180 Over 180 20 80 In addition, Sox wrote off all accounts receivable that were over one year old. The following additional information relates to the years ended December 31, Year 2 and Year 1: Year 2 Credit sales Collections Accounts written off Recovery of previous write-offs $3,000,000 2,915,000 27,000 7,000 $2,800,000 2,400,000 None None Days past invoice date at 12/31 0-30 31-90 91-180 Over 180 Year 2 300,000 80,000 60,000 250,000 90,000 45,000 15,000 Complete the following schedules showing the calculation of the allowance for uncollectible/doubtful accounts at December 31, Year 2 and the calculation for uncollectible accounts expense for Year 2. SCHEDULE OF CALCULATION OF ALLOwANCE FOR UNCOLLECTIBLE/DOUBTFUL ACCOUNTS Amounts of AR Estimate of Uncollectible Accounts % of uncollectible Accounts O to 30 days 31 to 90 days 91 to 180 days Over 180 days Total AR Total Allowance SCHEDULE OF UNCOLLECTIBLE/DOUBTFUL ACCOUNTS EXPENSE Balance December 31, Year 1 Write offs during Year 2 Recoveries during Year 2 Balance before Year 2 Provision Required Allowance at December 31, Year 2 Year 2 Provision