Allen Company has ending accounts receivable of $100,000 and an ending allowance for uncollectibles of $2,060 (credit). An aging of the accounts receivable reveals that $70,000 of the receivables have been outstanding less than 30 days, $20,000 have been outstanding more than 30 days but less than 60 days, and $10,000 have been outstanding more than 60 days. Historically, 1% of accounts less than 30 days old have been uncollectible, 5% of accounts 30-60 days old have been uncollectible, and 40% of accounts older than 60 days have been uncollectible.

a. What should be the ending balance of Allen Company's allowance for uncollectibles?

a. What is Allen Company's uncollectible accounts expense for the period?

b. What is the net realizable value of Allen Company's receivables?