Aging of Receivables; Estimating Allowance for Doubtful Accounts December 31,20Y7 : The following accounts were unintentionally omitted from the aging schedule. Assume all due dates are for the current year except for Visions Hair \& Nail, which is due in the next year. Wig Creations has a past history of uncollectible accounts by age category, as follows: 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Wig Creations Company Aging of Receivables Schedule December 31, 20Y7 Customer ABC Beauty Angel Wigs Zodiac Beauty Subtotals Arcade Beauty Creative Images Excel Hair Products First Class Hair Care Golden Images Oh That Hair One Stop Hair Designs Visions Hair \& Nail Totals Percent uncollectible (\%) Balance Not Past Due Due 1-30 19,200 19,200 7,000 1,294,9004,100 748,400293,0004,100112,600 % \% % % % 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. Dec. 31 5. Assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? On the balance sheet, assets would be by q by $ because the allowance for doubtful accounts would be because bad debt expense would be because bad debt expense would be ) and net income and net income by $ by s . In addition, the stockholders' equity (retained earnings) would be on the income statement