Estimating Uncollectible Accounts and Reporting Accounts Receivable Collins Company analyzes its accounts receivable at December 31, and arrives at the age categories below along with the percentages that are estimated as uncollectible Accounts Estimated Age Group Receivable Less 0.30 days bast de 5110.000 31-60 days past due 9000 2 61-120 days past de 22.000 5 121.00 dan past de 14.000 10 Over 10 days past de 2.000 25 Total accounts receivable $200.000 The balance of the allowance for uncollectible accounts is $1,100 on December 31, before any adjustments, (a) What amount of bad debts expense wil Collins report in its income statement for the year? 50 to use the financial statement effects template to record Collins bad debits expense for the year Use negative signs with your answers, when appropriate, Balance Sheet Income Statement Noncash Contributed Earned Transaction Cash Asset Assets Liabilities Capital Capital Huverte Eyes - Net Income Record bsd detente O What is the balance of accounts receivable on it December 31 balance sheet