Baley's Manufacturing Company is looking at charging ts method of reporting bad debts expense. In past yoars, the company has been able to use the dirtect write-off mechod but has experienced signficant growth in recent years. The accountants Aave prepaced the following aging schedule based upon current accourts receivable volume. Required: 1. Use the aging analysis to compute the estimated amount of uncollectible receivables. 2. Prepare the joumal entry to record the estimated uncollectibles. 3. Instead of the aging method, compute the estimated bad debts to be: a. 2.5% of net credit sales. b. 3.5% of gross accounts receivable. 1. Use the Aging analysis to compute the estimated amount of uncollectible recoivables. Do not round intermediate calculations. The estimated amount uncollectible based on the data provided is 2. Prepare the journal entry to record the estimated uncollectibles on December 31. 3. Instead of the aging method, compute the estimated bad debts to be