Credit Losses Based on Accounts Receivable Aging Miller Inc analyzed its accounts receivable balances at December 31, and arrived at the aged balances listed below, along with the percentage that is estimated to be uncollectible $ Considered Age Group Balance Uncollectible 0-30 days past de $395.000 31-60 days pastor 8.000 28 61-120 days past due 48.400 121150 days past due 26.400 10% Der 180 days past due 17.500 5576,400 The company handles credit fosses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $2,288 on December 31, before any adjustments a. Determine the amount of the adjustment for estimated credit losses on December 31. 0 b. Determine the financial statement effect of a write off of the Lyons Company's account on April 10 of the following year in the amount of $935. Use negative signs with answers, when appropriate If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row and the decrease amount directly below in the second row). Balance Sheet Income Statement Stockholders Equity Assets - Liabilities Revenues - Expenses Net Income Credit Losses Based on Accounts Receivable Aging Miller Inc analyzed its accounts receivable balances at December 31, and arrived at the aged balances listed below, along with the percentage that is estimated to be uncollectible $ Considered Age Group Balance Uncollectible 0-30 days past de $395.000 31-60 days pastor 8.000 28 61-120 days past due 48.400 121150 days past due 26.400 10% Der 180 days past due 17.500 5576,400 The company handles credit fosses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $2,288 on December 31, before any adjustments a. Determine the amount of the adjustment for estimated credit losses on December 31. 0 b. Determine the financial statement effect of a write off of the Lyons Company's account on April 10 of the following year in the amount of $935. Use negative signs with answers, when appropriate If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row and the decrease amount directly below in the second row). Balance Sheet Income Statement Stockholders Equity Assets - Liabilities Revenues - Expenses Net Income