Estimating Bad Debts Expense and Reporting Receivables At December 31, Barber Company had a balance of $504,000 in its accounts receivable and an unused balance of $3.120 in its allowance for uncollectible accounts. The company then aged its accounts as follows. Current 1-45 days pa due 61-180 days past due Over 180 days past due $415,200 ST400 30,400 10.00 Tr accounts rec$504,000 The company has experienced losses as follows: 1% of current balances, 5% of balances 1-60 days past due, 15% of balances 61-180 days past due, and 40% of balances over 180 days past due. The company continues to base its allowance for uncollectible accounts on this aging analysis and percentages a What amount of bad debts experise does Barber report on its income statement for the year? h. Show how Barber's December 31 balance sheet will report the accounts receivable and the allowance for uncollectible accounts Note: Round your answers to the nearest whole dollar Note: Do not use a negative sigh with your answers Current Accts 0 Previous Save Answers Next O