Aging Accounts Receivable The following aging of accounts receivable is as of the end of the year: Less Than 31-60 61-90 Overall30 Ken Nelson Elaine Anderson Bryan Crist Renee Warner Nelson Hsba Stella Valerio $ 10,000 12000 16,000 $163,000 $ 8.000 31,000 3,000 50,000 10,000 20,000 $122,000 90 Days $1,000 3,000 $1,000 $ 4,000 10,000 5,000 $8,000 Total $24,000 $9,000 Historical experience indicates the following: Percent Ultimately Uncollectible Age of Account Less than 30 days 31 to 60 days 61 to 90 days Over 90 days 2% 75 Compute the appropriate amount of Allowance for Bad Debts as of the end of the year