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 recelvable at year-end due to uncolfc(a) 3 percent, (b) 9 percent, and (c) 28 percent, respectively. At December 31, 2022 (end of the current accounting year), the Accounts Recelvable bo 700 and the Alowance for Doubtful Accounts balance was $920 (credit). In determining which acco ve 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, 2022, follow: \begin{tabular}{|clccc|} \hline \multicolumn{4}{c}{ B. Brown-Account Receivable } & \\ Date & Explanation & Debit & Credit & Balance \\ 03/11/2021 & Sale & 13,000 & & 13,000 \\ 06/30/2021 & Collection & & 3,000 & 10,000 \\ 01/31/2022 & Collection & & 3,800 & 6,200 \end{tabular} 4. Show how the amounts related to accounts receivable should be presented on the 2022 income statement and balance she Answer is not complete. Complete this question by entering your answers in the tabs below. Show how the amounts related to accounts receivable should be presented on the 2022 income statement