Cardinals Corporation has an accounts receivable balance of 600,000 and an allowance for doubtful accounts balance of $60,000 before year-end adjustments. The year - end balance will be based on an aging of accounts receivable as shown below: Days Outstanding Amount Probability of NOT collecting .05 Less than 30 days 30-60 .15 $300,000 $120,000 $100,000 $45,000 60-90 .25 90-120 .40 Greater than 120 $35,000 .60 What is the appropriate balance in the allowance at year end? What would be the entry to reflect this transaction? How would the Accounts Receivable and allowance account appear on the balance sheet at year end