Help Sub Blue Skies Equipment Company uses the aging approach to estimate bad debt expense at the end of each accounting year. Credit sales occur frequently on terms n/60. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due (2) up to one year past due, and (3) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the receivable at year end due to uncollectibility is (8 percent. (8 percent, and (30 percent, respectively, At December 31, 2019 (end of the current accounting year, the Accounts Receivable balance was $51600 and the Allowance for Doubtful Account balance was $940 (credit), in determining which accounts have been paid, the company applies collections to the oldest sales first. To simplify, only five customer accounts we used the details of each on December 31, 2019, follow B. BrowAccount Receivable Date Explanation Debit Credit Balance 03/11/2010 Sale 13,200 13,200 06/30/2018 Collection 3,500 9,400 01/31/2019 Collection 3,900 5,500 Date 02/28/2019 04/15/2019 11/30/2010 D. Donalds-Account Receivable Explanation Debit Credit Sale 21,600 Collection 8,300 Collection 4.400 Balance 21,600 13,300 8.900 Date 11/30/2019 12/15/2019 N Napier Account Receivable Explanation Debit Credit Sale 8,500 Collection 1,400 Balance 8,500 7,100 Balance 4,900 Date 03/02/2017 2/15/2017 29/01/2018 10/15/2018 02/01/2019 23/01/2019 5. Strothers-Account Receivable Explanation Debit Credit Sale Collection Sate 4,900 9.200 Collection 3,500 Sale 22.000 Collection 6,800 27.70 9.200 5,700 20.900 Help Save & Exit Submit Date 11/30/2019 12/15/2019 N. Napler-Account Receivable Explanation Debit Credit Sate 0,500 Collection 1,400 Balance 8,500 7.100 Balance 4,90 Date 03/02/2017 04/15/2017 09/01/2018 10/15/2018 02/01/2019 03/01/2019 12/31/2010 S. Strothers-Account Receivable Explanation Debit Credit Sale 4,900 Collection 4.900 Sale 9.200 Collection Sale 22.000 3,500 Collection 6,500 Sale 3,600 9,200 5.700 27,700 20,900 24,500 Date 12/30/2019 T. Thomas-Account Receivable Explanation Debat Credit Sale 5,600 Balance 5,600 P6-3 Part 4 -4. Show how the amounts related to accounts receivable should be presented on the 2019 income statement and balance sheet Complete this question by entering your answers in the tabs below. Income Stat Bal Sheet Show how the amounts related to accounts receivable should be presented on the 2019 income statement Date 12/30/2019 Explanation Sale Debit 5,600 Credit Balance 5. P6-3 Part 4 4. Show how the amounts related to accounts receivable should be presented on the 2019 income statement and balance sheet Complete this question by entering your answers in the tabs below. Income Stat Bal Sheet Show how the amounts related to accounts receivable should be presented on the 2019 income statement BLUE SKIES EQUIPMENT COMPANY Income Statement partia) For the Year Ended December 31, 2019 Operating expen Balshart >