3. Using the information below, perform the following tasks:

Account Receivables	Not Past Due	0-31 days Past Due	31-60 days Past Due	61-90 days Past Due	+ 90 days Past Due
	350,000	175,000	83,000	38,000	12,000
Percentage of not collecting	2%	8%	22%	58%	78%

1. Calculate the estimated amount of receivables that might not be collected

2. Perform the adjustment(debit/credit) using the allowance method.