3 Your company has $3,600,000 in credit sales during 2011. The beginning balance of the allowance for doubtful accounts is $4,900 and the company writes off $800 in bad debts during the year. (a)Calculate the estimated doubtful accounts using the aging of accounts receivable method given that $1,560,000 of the credit sales are not yet due (estimated that 0.4% are uncollectible). $359,000 are 1-60 days late (estimated that 170% are uncollectible) and $15,000 are over 60 days late (estimated that 27% are uncollectible). (Omit the "$" sign in your response.) 3 02.16.26 Estimated doubtful accounts (b)Using the assumptions in the initial problem statement above, and using the aging of accounts method, calculate the bad debt expense. Show your calculation in a T- account for Allowance for doubtful accounts and present the journal entry to record bad debt expense. (Omit the "$" sign in your response.) Allowance for doubtful accounts Write-offs Beginning balance Bad debt expense Ending balance