Fife, Inc. has the following account balances at December 31, 2005: Accounts Receivable \$185,600 and Allowance for Doubtful Accounts \$1,600 (Debit balance). Fife uses the aging of accounts receivable to estimate bad debts. The following aging schedule reflects the situation at year-end: (1) Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31,20X5, balance sheet. (2) Prepare the journal entry to record 205 bad debts expense. OLUTIONS 1. Calculate the amount of the Allowance for Doubtful Accounts