Credit Losses Based on Accounts Receivable Aging Maxwell Inc, analyzed its accounts receivable balances at December 31, and arrived at the aged balances inted below, along with the percentage that is estimated to be uncoche Considered Age Group Balance Uncollectie 0-30 days put do 300.000 14 21 days pastu SL 61-120 days pasto 60.000 days 27.000 To Over 100 day part de 4.000 300 141.000 The company handles credit losses using the allowance method The credit balance of the Aliowance for Doubtful Accounts is 12,520 on December 31, balore any adjustments a. Determine the rount of the adjustment for estimated creditores on December 31 5 b. Determine the financial statement effect of a write off of Porter Company's account on the followin May 12, in the amount of 1,400 Use negative with answers, when appropriate ir atransaction increases and decreases the same Balance Sheet category, enter the increase around the first con and the decease move directly below in the second row), Balance Sheet Income Statement Stockholders Labilities. Equity Ravens Expres - Netcome Ats