(20 marks) d) Show the extracts of the Accounts Receivable in the Balance Sheet of Coach Limited as at December 31, 2021. Current Assets Accounts Receivable Less: Allowance for doubtful debts $ (30 marks) END OF TEST 2 OAG 160 Accounting for Office Assistant Maximum marks: 100% Question Test 2 Group A Coach Limited uses the allowance method to account for the uncollectible accounts receivable. The accounting policy is to relate the provision for doubtful debts to the age of debts outstanding. The opening balance of the allowance for doubtful debts account in the Balance Sheet, as at January 2021 included a credit balance of $42,000. The company's accounts for the year ended December 2021 are now being prepared. The debts outstanding at December 31 2021 and the required allowance for doubtful debts are as follows: Debts outstanding: Not due (under 30 days) 1 to 30 days past due Allowance for doubtful debts Amount: $ % 2,050,000 1.25 971,000 2.00 31 to 60 days past due 207,000 6,50 61 to 90 days past due 132,000 33.00 Over 90 days past due 34,000 68.00 3,394,000 Required