Exercise 8-5 Indigo Corporation has accounts receivable of $92,100 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,081 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balan Percentage Age of Accounts Current 1-30 days past due 11,00 7,610 31-90 days past due 10,300 2,480 Over 90 days past due_ 6,600 1,030 2017 2016 Uncollectible $63,500 $80,330 2% 31 51 $92,100 $91,450 Determine the total estimated uncollectibles. The total estimated uncollectibles 1270 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Prepare the adjusting entry at March 31, 2017, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually