How to do this

V Calculate Zuo Software categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts. 1. Accounts not yet due $400,000; estimated uncollectible 8 %. 2. Accounts 1-30 days past due $50,000; estimated uncollectible 15 %. 3. Accounts 31-90 days past due $40,000; estimated uncollectible 30% 4 Accounts more than 90 days past due $30,000; estimated uncollectible 50% . E 7-14 uncollectible accounts using the aging method; record adjustments At 12/31/2021, before recording any adjustments, Zuo has a credit balance of $22,000 in its allowance for uncollectible accounts. LO7-5, LO7-6 Required: 1. Estimate the appropriate 12/31/2021 balance for Zuo's allowance for uncollectible accounts 2. What journal entry should Zuo record to adjust its allowance for uncollectible accounts? 3. Calculate Zuo's 12/31/2021 net accounts receivable balance