P7.7 The following is an aging schedule for Bryan Company. Customer Accounts receivable Estimated percentage uncollectible Total estimated bad debts Total $262,000 Not Yet Due 1-30 31-60 $107,000 $49,000 $28,000 61-90 $40,000 Over 90 $38,000 $42,400 3% $3,210 7% 12% 24% 60% $3,430 $3,360 $9,600 $22,800 At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is $8,000 Instructions a. Indicate the amount of bad debt expense for the year ending December 31, 2021, and the cash realizable value of Accounts Receivable. b. On January 5, 2022, a $600 customer balance originating in 2021 is judged uncollectible. Indicate the cash realizable value of Accounts Receivable after recognizing the January 5 write-off.