On December 31st, the following information is given based on an aging of accounts receivable. The aging schedule is shown below: Age of Accounts Total Balance 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 55,445 $ 25,590 $ 17,060 $ 8,530 $ 4,265 Estimated % uncollectible 1% 2% 3% 7% 1. Calculate the estimated amount not to be collected for the 1-30 Days time period (1 point): 2. Calculate the estimated amount not to be collected for the 31-60 Days time period (1 point): 3. Calculate the estimated amount not to be collected for the 61-90 Days time period (1 point): 4. Calculate the estimated amount not to be collected for the Over 90 Days time period (1 point): 5. The allowance for doubtful accounts has a $10 credit balance prior to any adjustments. Prepare the December 31st adjusting journal entry needed to record bad debts using the balance sheet approach (2 points): 6. During 2019, credit sales were $25,000. Bad debts are estimated to be 3% of credit sales. The allowance for doubtful accounts has a $10 credit balance prior to any adjustments. Prepare the December 31st adjusting journal entry needed to record bad debts using the income statement approach (2 points)