4B-Aging method (3marks) Alpha Ltd. uses the aging of accounts receivable method to arrive at an estimate of bad debt expense. After classifying its accounts receivable by how long the receivable has been outstanding, or age of the receivable, it prepares the following aging schedule: Not Yet Due $ 1,200 Customer Aaron, R. Baxter, T. Clark, J. David, A. Zak, R. Total %% Un collectible Estimated uncollectible amount? Days Past Due Total A/R 1-30 31-60 61.90 Over 90 Balance S 250 $ 250 300 1,340 $ 2,840 2.000 $ 800 s 200 $ 5003,500 200 $ 200 830 740 $ 1,570 $ 2,550 $ 1.830 S 1,540S 1.240$ 8.360 496 1096 2596 4096 $ 1,200 196 REQUIRED:Calculate bad debt expense for the current year assuming that the Allowance for Doubtful Accounts currently has a $1,000 credit balance