IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30. 2020: Apri1 10: Received an order from Peter's Appliances, a wholesaler, for 16 anchines; Aprif 30: Sold 24 machines to Yurf Inc. on credit. Nay 1: The purchasing manager of Peter' a Apoliances visited IceKrene's factory and parchased 19 nachines on credit, instead of the 16 machines that were previcusily ordered. 5: Yuri Ine, paid for the machines purchased on April 30 . 7: Sold 10 machines to Cheng Ltd. on credit. 10: Trote off $15,000 of accounts receivable that nere considered unoollectible. These receivables relate to sales rade prior to April 1. 2020, 15: Peter' s Appliances returned three defective machines and paid the anount due, June 1: Received $96,000 from Chens Ltd. on accotat. June 30: Recovered $2,700 from the receivables that rere written off on May 10 . Additional information is as follows: - IceKreme sold all machines at $12,000 per unit. - All of Icekreme's sales were on credit with terms 3/10, n/30. - Icekreme's records included the following items and their balances as at March 31, 2020: 2. The company uses the aging of accounts receivable method to determine the amount of bad debt expense. The estimated uncollectible rates for the various age groups are as follows: (Hint: Use a timeline to keep track of accounts receivable in order to determine the age of these reivables.) a. Determine the amount of receivables that may not be collectible in the future as on June 30,2020 . b. Prepare the journal entry to record bad debt expense at June 30,2020 , the company's fiscal year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld.) 3. IceKreme's net accounts receivable were $96,000 at June 30, 2019. Calculate iceKreme's average collection period for fiscal year 2020. (Use 365 days a year. Round intermediate calculations to 2 decimal places. Round the flnal answer to 1 decimal place.)