Estimating Bad Debts Expense and Reporting Receivables At December.31, Barber Company had a balance of 5672000 in its accounts receivable and an urused balance of 54,160 in its allowance for uncolle thent ased its ascounts as tolions The company has experienced losses as follows: 1% of current balances, 5% of balances 160 dys past due, 15% of balarices 61180 days pasz doe, and afe of talaces oier t days past due. The compary continues to base its allovence for uncollectible accounts on this aging analyis and percencages. What amount of bad debts expense does Barber report on its income statement for the year?s b. Show how Barbers December 31 balance sheet will report the accounts recevable and the allowance for uncollectible accounts. Note: Raund your answers to the nearest whole doliar. Note: Do not use a negative sign with your anslvers