Bella Construction, Inc. had the following balances in their Accounts Receivable accounts as of July 31; Accounts Receivable of $185,200 and Allowance for Doubtful Accounts of $3,200 (credit balance). The company uses the balance sheet methods to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end: Estimated Account Age Balance Uncollectible Percentage Current (not yet due) $72,400 1.0% 1-30 days past due 82,000 2.5% 30-60 days past due 17,600 27.0% 61-90 days past due 8,300 32.0% Over 90 days past due 4,200 78.0% Total $185,200 5.0% Required (Be sure to show your work): Calculate the amount of the Allowance for Doubtful Accounts that should appear on the July 31 balance sheet using: (a) the Accounts Receivable method (Balance Sheet method) (b) Aging of Receivables method (5 points extra credit for the adjusting journal entries needed to record the Bad Debts Expense for both methods.)