II. Sales Revenue & Accounts Receivable (LLH 6) Dustin Inc. had the following information about receivables at the end of 2022: Requied balance in Allowance for Bad Debts Bad Debt Expense Aging of Accts Receival Not Yet Customer Total Rec. Due 1 to 30 days 30 to 90 days Over 90 days Joyce $48,000 $48,000 Erica $52,000 52.000 Murray $14,000 14,000 Newby $34,000 Karen $18,000 $34,000 18,000 Alexei $65,000 $65,000 Owens $102,000 $102,000 Will 71,000 71,000 Dustin uses the aging of accounts receivable method to determine the allowance for bad debts. He assumes the following regarding the bad debts for the roster Bad Debt % 2% 5% 10% 25% Required: Record the necessary year end adjustments relating to bad debts. Before adjustment for bad debts, the balance in the Allowance for Bad Debts is a $10,000 credit. 54,630 5 pts 44,630 5 pts