Fortune Corporation provided for uncollectible accounts receivable from the inception of operations to December 31, 2010, under the allowance method: provisions were made monthly at 2% of credit sales; bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account; and no year-end adjustments to the allowance account were made. Fortune's usual credit terms are net 30 days. The balance in the Allowance for Doubtful Accounts was Tk. 1,30,000 at January 1, 2010. During 2010 credit sales totaled Tk.90,00,000, interim provisions for doubtful accounts were made at 2% of credit sales, Tk.90,000 of bad debts were written off, and recoveries of accounts previously written off amounted to Tk.15,000. Fortune installed a computer system in November 2010, and an aging of accounts receivable was prepared for the first time as of December 31, 2010. A summary of the aging is as follows. Classification by Month of Sale November-December 2010 July-October January-June Prior to 1/1/10 Balance in Each Category Estimated % Uncollectib le Tk.10,80,000 2% 6,50,000 10% 4,20,000 25% 1,50,000 80% Tk.23,00,000 Based on the review of collectability of the account balances in the "prior to 1/1/10" aging category, additional receivables totaling Tk.60,000 were written off as of December 31, 2010. The 80% uncollectible estimate applies to the remaining Tk.90,000 in the category. Effective with the year ended December 31, 2010, Fortune adopted a different method for estimating the allowance for doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable. Instructions: (i) Prepare a schedule analyzing the changes in the Allowance for Doubtful Accounts for the year ended December 31, 2010. Show supporting computations in good form. (Hint: In computing the 12/31/10 allowance, subtract the Tk.60,000 write off). (ii) Prepare the journal entry for the year-end adjustment to the Allowance for Doubtful Accounts balance as of December 31, 2010