On the year end of August 31, 2020, Rainbow Appliances had the following account balances before adjustments for bad debt was made Net Credit Sales for the period $1,109,000 CR Accounts Receivable $723,000 DR AFDA $2,200 CR Do not enter dollar signs or commas in the input boxes a) Use the year end balances reported on the balance sheet and the aging schedule shown below to calculate the allowance for doubtful accounts Aging Category Bad Debt % Balance Estimated Bad Debt Less than 30 days 2% 5483.000 31-60 days 39 $110.000 61-90 days 10% $68,000 91-120 days 27% 536000 Over 120 days 56% $26.000