3. Noelle's Nicety Shoppe provides you with the following information regarding their ACCOUNTS RECEIVABLE: Credit Sales Balance of Accounts Receivable $6,525,000 $1,600,000 Allowance for Uncollectible Account $70,000 CR Sales Returns 50,000 Sales Discount 20,900 Stafford uses the following AGING Schedule of Accounts Receivable: Aging Category AMT % EstUncollectible Current 200,000 1% 1-30 Days Past Due 300,000 31-60 Days Past Due 600,000 5% 15% 61-90 Days Past Due 300,000 30% 90 Days Past Due 200,000 95% Total 1,600,000 Required: 1. Record the JOURNAL Entry to record the ADJUSTMENT for Bad Debt Expense and Allowance for Uncollectible accounts for the year. 2. What is the REALIZABLE Value of Accounts Receivable AFTER the entry is recorded and the Allowance for Uncollectible Accounts is updated?