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: $75\%$ of the company's credit sales are collected in the month of sale and $20\%$ in the month

following the month of sale; $5\%$ are uncollectible.

Credit Sales: January $2022,$ $$145,000$; February $2022,$ $$121,500$; March $2022,$ $$154,500.$

Required:

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 $8\%.$