ite the word or phrase that best completes each statement or answers the question. 13) Fife Company has the following account balances at December 31 of the current 13). year: Accounts Receivable $44,000 and Allowance for Doubtful Accounts $600 (credit balance). Fife uses the aging of accounts receivable to estimate bad debts. The following aging schedule reflects the situation at year-end: Schedule of Accounts Receivable by Age Customer's Name Total Not yet due 1-30 31-60 61-90 Over 90 days past past due past due days days days past due due S. Milken F. Filip J. Riley 14,000 R. Cash 3,000 12,000 5,000 3,000 2,000 1,000 7,000 1.000 2,000 1.000 8,000 2,000 1,000 1,000 800 2,200 3,000 2,000 100 900 L.. Faraday 8.000 1.000 7,000 Totals 44,000 17,000 16,000 5,000 1,900 4,100 Percent 2% 5% 10% 25% 40% Uncollectible (1) Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, current year, balance sheet. (2) Prepare the journal entry to record bad debts expense for the current year.