During a recent year, Snicks Board Shop had sales on account of$45,000, collections of $45,500, write-offs of $800, a beginning balance in accounts receivable of $5,000, and a beginning balance in the allowance for uncollectible accounts of $300. At year end $2,400 of accounts receivable were current, $700 were 030 days past due, $300 were 3160 days past due, $200 were 6190 days past due, and $100 were over 90 days past due. The company believes 1.5 percent of sales will not be collected.They also have experience suggesting that 2 percent of all current receivables, 11 percent of receivables 030 days past due, 16 percent of receivables 3160 days past due, 25 percent of receivables 6190 days past due,and 50 percent of receivables over 90 days past due will not be collected. Using the file ch7-12, complete the allowance for uncollectible accounts analysis for both standard methods.