7. Before adjusting entries were made at December 31, 20X9, Jason Designs, Inc. had an accounts receivable balance of $990,000 and a credit balance in allowance for uncollectible accounts of $4,075. The following aged accounts receivable report as of December 31, 20X9 is available for Jason Designs, Inc.: Age of Accounts Receivable Total Balance 1-30 Days 31-60 Days 61-90 Days Over 90 Days $990.000 $400.000 $285.000 $195.000 $110.000 Estimated uncollectible .5% 1.5% 6% 40% (a) Prepare the December 31, 20x9 adjusting entry needed based on the aging schedule. (b) Show how Jason Designs, Inc. will report accounts receivable on its balance sheet on December 31, 20X9