On December 31st, the following intormation is given based on an aging of accounts receivable, The aging schedule is shown below: Age of Accounts Total Balance 1230 Days 31-60 Days 61.90 Days Over 90 Days 8,060 $ 3,720 S 2,4805 1,240 $ 620 Estimated % uncollectible 1% 2% 7% Calculate the estimated amount not to be collected for the 1-30 Duys time period (I point) 12. Calculate the estimated amount not to be collected for the 31-60 Days time period (I point) 3. Calculate the estimated amount not to be collected for the 61.90 Days time period (1 point); 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 510 credit balance prior to any adjustments Prepare the December 311 adjusting joumal entry needed to record bad debts using the balance shout 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 halance prior to any adjustments Prepare the December 31st adjusting journal entry needed to record bad debts using the income statement approach (2 points)