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Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debts Expense? Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expenses Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies ExpenseProblem 8-1A Sellmore.com uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts.Number of Days Outstanding Accounts Receivable $448,000 $296,000 $85,000 $38,000 $18,000 $11,000 % uncollectible 2% 3% 4 % 5% 8% 11% Estimated bad debts $ $ $ $ $ $