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ANSWER ALL THREE PARTS PLEASE You are an accountant at XYZ company, which has a fiscal year ending on December 31. It is now December

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You are an accountant at XYZ company, which has a fiscal year ending on December 31. It is now December 31, 2020, and you are getting ready to record the adjusting journal entry for this year's bad debt expense. The credit department has prepared for you the following accounts receivable aging schedule, which includes the estimated percentages of each aging bucket that they think will be uncollectible. The estimated percentages are the same for both dates provided. Status Estimated % Uncollectible 2% 5% Not yet due 180 days past due Accounts Receivable Balance at Dec 31, Balance at Dec 31 2020 2019 $2,150,000 $2,341,000 $720,000 $570,000 $386,000 $414,000 $ 105,000 $64,000 $50,000 $32,000 10% 25% 85% You then inspect the accounting records for the year and note that during 2020, the company had write-offs of $162,000 and recoveries of $6,500. You also note that the total credit sales during 2020 were $14,350,960. The credit department informs you that historically, 1.25% of credit sales have proven to be uncollectible. a) Suppose that XYZ company uses the aging method of estimating uncollectible accounts. What is the amount of bad debt expense for 2020? a) Suppose that XYZ company uses the aging method of estimating uncollectible accounts. What is the amount of bad debt expense for 2020? [ Select] b) Using the aging method of estimating uncollectible accounts, what is the ending balance for the Allowance for Doubtful Accounts for 2020? [ Select] c) Suppose that XYZ company uses the percent of sales method to estimate uncollectible accounts. What is the amount of bad debt expense for 2020? [Select]

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