Could you please answer this question?

I am in a hurry a little bit, so fast answer would be appreciated!

Thank you!

Question 32 (2 points) Use the following data for the next three questions: COVID Ltd. ("CL") has a balance of $180,000 of accounts receivable at December 31, 2020. At January 1, 2020 CL had balance $2,900 in its Allowance for Doubtful Accounts ("ADA"). During the year, $5,000 of receivables were written off as unelectable, and $2000 of receivables from 2019 that were previously written off were collected. CL wants you to adjust the balance of ADA for December 31, 2019. CL chooses to use an aging method to account for its ADA. The following aging data and percentages of uncollectible amounts are available: Days Outstanding 0-30 31-60 Greater than 60 Accounts Receivable Balance $120,000 $50,000 $10,000 Estimated Amount Uncollectible 1.0% 2.5% 3.0% 1. Prepare the applicable journal entry pertaining to Allowance for Doubtful Accounts. (Show calculations) 0 8 Format B I U DO