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Need help with this question please Fife Company has the following account balances at December 31 of the current year: Accounts Receivable $42,400 and Allowance

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Fife Company has the following account balances at December 31 of the current year: Accounts Receivable $42,400 and Allowance for Doubtful Accounts $1,600 (credit balance). Fife uses the aging of accounts receivable to estimate bad debts. The following aging schedule reflects the situation at year-end:

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