Pachel Corporation reports the following information pertaining to its accounts receivable Days Past Due Current $ 60,000 1-30 $40,000 31-60 $25,000 61-90 $ 12,000 Over 90 $2,000 The company's credit department provided the following estimates regarding the percent of accounts expected to eventually be written off from each category listed above Current receivables outstanding Receivables 1-30 days past due Receivables 31-60 days past due Receivables 61-90 days past due Receivables over 90 days past due 2% 4 40 90 The company uses a statement of financial position approach to estimate credit losses a. Record the company's impairment loss of receivable, assuming it has a $1,400 credit balance in its Allowance for Impairment prior to making the necessary adjustment. (Omit the "$" sign in your response.) General Journa Debit Credit (Click to select) (Click to select) b. Record the company's impairment loss of receivable, assuming it has a $1,600 debit balance in its Allowance for Impairment prior to making the necessary adjustment. (Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) (Click to select)