1. 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. The balance of the allowance for uncollectible accounts is $1,100 on December 31, before any adjustments.

Age Group	Accounts Receivable	Estimated Loss %
0-30 Days Past Due	$110,000	1%
31-60 Days Past Due	$40,000	2%
61-120 Days Past Due	$27,000	5%
121-180 Days Past Due	$14,000	10%
Over 180 Days Past Due	$9,000	25%
Total A/R	$200,000

1. What amount of bad debt expense will Collins reports in its income statement for the year?
2. Use the financial statement effects template to record Collins bad debt expense for the year.
3. What is the balance of accounts receivable on its December 31 balance sheet?
4. What is the amount (as a %) of estimated uncollectible receivables?