Assignment 2 During 2020, ABC company had total Sales $10,675,500 including $3,000,000 cash sales. The AFDA had an unadjusted beginning debit balance on Dec31, 2020 of $31,500. Accounts Receivable Balance on Dec31, 2020 is $2,140,200 Please calculated the 1) uncollectible AFDA, 2) Bad Debt Expense entry and 3) NRV for each of the following conditions a) Bad debts are estimated to be 2% of the credit sales b)Bad debts are estimated to be 5% of outstanding accounts receivable c) Sales Department provided following summary 31-Dec-20 Age of Accounts Receivable Expected uncollectible rate 1,460,000 308,000 182,000 106,000 84,200 Not yet due(under 30 days) 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due over 90 days past due 1.25% 2% 6.50% 32.75% 68%