a company has the following unadjusted account balances at december 31, of the current year; accounts receivable of 185,700 and allowance for doubtful accounts of 1,500(credit balance). the company uses the aging of accounts receivable to estimate its bad debts. the following aging schedule reflects its accounts receivable at the current year end:

account age; balance; estimated uncollectible percentage;

current year(not due yet) 96,000 1.0%

1-30 days past due 64,000 2.5%

30-60 days past due 16,000 11.0%

61-90 days past due 6,500 37.0%

over 90 days past due 3,200 70.0%

total 185,700

1. calculate the amount of the allowance for doubtful accounts (the desired ending balance in this contra-asset account) that should appear on the december 31, of the current year, balance sheet. you must show how you calculated the numbers to receive credit . hint this number should be a number between 8,500 and 9,000.