Blue Skies Equipment Company uses the aging approach to estimate bad debt expense at the end of each accounting year. Credit sales occur frequently on terms n/60. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, (2) up to one year past due, and (3) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the receivable at year-end due to uncollectibility is (a) 4 percent, (b) 13 percent, and (c) 34 percent, respectively. At December 31, 2019 (end of the current accounting year), the Accounts Receivable balance was $51,400 and the Allowance for Doubtful Accounts balance was $1,040 (credit). In determining which accounts have been paid, the company applies collections to the oldest sales first. To simplify, only five customer accounts are used; the details of each on December 31, 2019, follow:

Required information [The following informabion applies to the questions dispinyed bovow] Blue Skies Equipment Company uses the aging approwch to estimate bod debt expense at the end of each accounting year. Credit sales occur frequently on terms n 60 . The balance af each account receivable is aged on the basis of thece time periods as follows: (t) not yet due. (2) up to one year pust due, and (3) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the recehable at year-end due to uncollectibility is (a) 4 percent, (b) 13 percent, and ( 34 percent, respectively. At Docember 31, 20'9 (end of the current accounting year), the Accounts Roceivable balance was $51,400 and the Alowance for Doubtful Accounts balance was $1,040 (credith. In desermining which accounts have been paid, the company applies collections to the oidest sales first. To simplify, only five customer accounts are used; the details of each on December 31, 2019, follow: 2. Compute the estimated uncollectible amount for each age category and in total. Required: 1. Compute the total accounts receivable in each age category. Answer is complete but not entirely correct