At December 31, 2020, the Accounts Receivable balance of Fusion Electronics is $300,000. The Allowance for Doubtful Accounts has an $8,900 credit balance. Accountants for Fusion Electronics prepared the following aging schedule for its accounts receivable: Age of Accounts Receivable 31-60 Days $140,000 $80,000 $70,000 1-30 Days Accounts Receivable Estimated percent uncollectible 0.5% 2.0% 61-90 Days Over 90 Total Days 6.0% $10,000 $300,000 50.0% 1. Prepare the adjusting entry for doubtful accounts based on the aging schedule. 2. Show how Fusion Electronics will report Accounts Receivable on its December 31, 2020, balance sheet. 3. Suppose all the facts of this situation are the same except that the Allowance for Doubtful Accounts has a $900 debit balance. Prepare the adjusting entry based on this information.