Information At December 31, 2021, retailer Northern Kayaks had a balance of $340,000 in its Accounts Receivable account and a positive asset value balance of $870 in its Allowance for Uncollectible Accounts account. In others words, net realizable value of accounts receivable before adjustment is $340,870. The company analyzed and aged its accounts receivable based on the following estimated uncollectible amounts: 1.0% of current balances of $200,000 6.3% of balances 31-60 days of $85,000 11.7% of balances of 61-90 days of $40,000 60.0% of balances over 91 days of $15,000 The company bases its provision for credit losses on the aging analysis