Expected Percent Age of December 31, 2017. Accounts Receivable 396.400 277.800 48,000 Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Uncollectible 2.0% 4.0 8.5 6.600 2.800 39.0 82.0 Required 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31, 2017 the aging of accounts receivable method. Check a2. Prepare the adjusting entry to record bad debts expense at December 31, 2017 Analysis Component 3. On July 31, 2018, Hovak concludes that a customer's $3,455 receivable (created in 2017) is unco ible and that the account should be written off. What effect will this action have on Hovak's 201 income? Explain