Caieuiate the total estimated bad debts based on the information below. Number of Days Outstanding 31-60 61-90 91-120 Over 120 $90000 $38,000 $15,000 $12,000 4% 5% 8% 10% \fThe company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in part (c). Prepare the journal entries necessary to (1) restore the account and (2) record the cash collection. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2.CaIquate the total estimated bad debts based on the information below. Total 0-30 31-60 Accounts receivable $321000 $222,000 $90,000 9t? uncollectl'bie 1% 4% Estimated bad debts $ 5820 $ 2220 $ 3.500 4