5-4B - Aging of Receivables Method Kilt Company shows the following information on January 31, 2024, the company's fiscal year- end: Credit Debit $68,000 Account Accounts receivable Allowance for doubtful accounts Sales ($55,000 cash sales) $1,000 $981,000 The company's accountant generated the following aging schedule of accounts receivable: Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Amount Receivable $42,000 15,000 6,000 5,000 Estimated Uncollectible 1% 4% 8% 25% Required: a.) Prepare the adjustment to allowance for doubtful accounts based on the information above. b.) Show how accounts receivable, net would be disclosed on the balance sheet