P7-2 Sparkle Jewels distributes fine stones. It sells on credit to retail jewelry stores and extends terms that require the stores to pay in 60 days. For accounts that are not overdue, Sparkle has found that there is a 95% probability of collection. For accounts up to one month past due, the likelihood of collection decreases to 80%. If accounts are between one and two months past due, the probability of collection is 60%, and if an account is over two months past due, sparkle Jewels estimates only a 40% chance of collecting the receivable. On December 31, 2017, the credit balance in Allowance for Doubtful Accounts is $12,300. The amounts of gross receivab age on this date are as follows Category Amount $ 200,00 Current Past due: Less than one month One to two months Over two months 45,000 25,000 ,000 Required 1. Prepare a schedule to estimate the amount of uncollectible accounts at December 31, 2017 Aging Schedule Estimated Estimated P7-2