grown rapidly in the last year by adding new customers. The audit partner has asked you to evalu 16-33 (OBJECTIVES 16-2, 16-3) The Salah Company sells electronics equipment and has ate the allowance for doubtful accounts at December 31, 2019. Comparative information on sales and accounts receivable is included next: Year Ended 12/31/19 Sales $12,169,876 Accounts Receivable 1,440,381 Allowance for doubtful accounts 90,000 Bad debt charge-offs 114,849 Year Ended 12/31/18 $10,452,513 1,030,933 75,000 103,471 Year Ended 12/31/19 Year Ended 12/31/18 Accounts Receivable: 0-30 days 30-60 days 60-90 days Over 90 days $ 897,035 254,269 171,846 117,231 $ 1,440,381 $ 695,041 160,989 105,997 68,906 $ 1,030,933 TOTAL -- u recommend Re b. Perform substantive analytical procedures to evaluate whether the allowance is fairly stated at December 31, 2019. Assume performance materiality for the allowance ac- count is $15,000