3. The following is an aging schedule and a trial balance before year-end adjustments Aging Schedule Age of Receivables 0-30 days 31-60 days 61-120 days more than 120 davs Balance $300,000 100,000 40,000 10,000 Estimated % Uncollectable 190 3% 10% 60% f. r. Accounts Receivable 450,000 Allowance for Doubtful Accounts 2,500 Instructions: Prepare the required adjusting journal entries. What is the effect of the journal entries on: (1) pre-tax net income, (2) gross receivables, and (3) net realizable value of receivables? Repeat assuming the trial ADA had a debit balance of $2,500 instead