c. Report the increase in bad debt expense calculated in part a using the financial statement effects template. Note: Use negative signs with your answers, when appropriate. Estimating Bad Debts Expense and Reporting of Receivables (FSET) At December 31, Sunil Company had a balance of $562,500 in its accounts receivable and an unused (unadjusted yearend) balance of $6,300 in its allowance for uncollectible accounts. The company then aged its accounts as follows: The company has experienced losses as follows: 1% of current balances, 5% of balances 060 days past due, 15% of balances 61-180 days past due, and 40% of balances over 180 days past due. The company continues to base its provision for credit losses on this aging analysis and percentages. a. What amount of bad debts expense does Sunil report on its annual income statement? $ b. Show how accounts receivable and the allowance for uncollectible accounts are reported in its December 31 balance sheet. Note: Do not use negative signs with your answers