\begin{tabular}{lrr} \multicolumn{1}{l}{ Age Interval } & \multicolumn{1}{c}{ Balance } & Percent Uncollectible \\ \hline Not past due & $2,362,500 & 2% \\ 130 days past due & 1,050,000 & 1 \\ 3160 days past due & 157,500 & 6 \\ 61-90 days past due & 70,000 & 18 \\ 91180 days past due & 35,000 & 51 \\ Over 180 days past due & 17,500 & 81 \\ & $3,692,500 & \end{tabular} Assume that the allowance for doubtful accounts for Sun Valley Rides had a negative balance of $(22,095) as of December 31,20V3. Illustrate the effects of the adjustment for uncollectible accounts as of December 31,20V3, on the accounts and financial statements. a negative value. Financial Statement Effects