Brown Cow Dairy uses the aging approach to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three time periods as follows: (1) 1 to 30 days old, $12,000; (2) 31 to 90 days old, $5,000; and (3) more than 90 days old, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivable due to uncollectibility is (1) 3 percent. (2) 15 percent, and (3) 30 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance was $800 (credit) before the end-of-period adjusting entry is made, Required: 1. Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts Estimated Amount Uncollectible Aging of Accounts Receivable 1-30 days 31-90 days More than 90 days Estimated balance in allowance for doubtful accounts $ 0 2. What amount should be recorded as Bad Debt Expense for the current year? Bad debt expense 3. If the unadjusted balance in the Allowance for Doubtful Accounts was a $600 dobit balance, who would be the amount of Bod Debt Expense on December 31? Bad debit expona