As the management accountant for the Tyson Company you have been asked to construct a financial planning model for collection of accounts receivable and then to perform a what-if analysis in terms of the assumption regarding estimated uncollectible accounts. You are provided with the following information: Collection Pattern for Credit Sales: 55% of the company's credit sales are collected in the month of sale and 40% in the month following the month of sale: 5% are uncollectible. Credit Sales: January 2022, $119,000; February 2022, $131,500; March 2022. $136,000. Required: 1. Prepare an estimate of bad debts for each of the three months, January through March, under the following assumptions regarding the rate of uncollectible accounts: 1%, 3%, 5% (base case), and 8%. Estimated Bad Debts Expense January February March Assumed Rate of B/D Expense: 1% 3% 5% 8%