5. Estimating Uncollectible Accounts and Reporting Accounts Receivable (10 points) LaFond Company analyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Accounts Receisab Estimated Ape Group Les 0-30 days. part de S90.000 15 31-60 days pas de 30.000 61-120 days pas due 11.000 10 121-180 6.000 25 Over 180 days past dus 4.000 50 Total accounts receivable S 131.000 The balance of the allowance for uncollectible accounts is $1.050 on December 31, before any adjustments. 1) What amount of bad debts expense will LaFond report in its income statement for the year? Please show your calculations. 2) Use the financial statement effects template to record LaFond's bad debts expense for the year. Balance Sheet facome Statement Retained Fami Eamed Capi Noncash Cash Assed IASI Contributed Liabilitiekapital Net Hexpect income Bad debt expend 3) What is the net value of accounts receivable reported on its December 31 balance sheet? Please show your calculations