Page 7 of 10 - ZOOM 13. Mine, Inc. uses the Aging of Accounts Receivable method for estimating bad debts. The accountant for Mine, Inc. has prepared the following detailed aging of the Accounts Receivable account balance as of December 31, 2021 along with estimates of the uncollectible amount within each age category: Estimated Amount Outstanding Uncollectible 0 to 30 days S 1,235,000.00 1% 31 to 60 days S 725,000.00 8% 61 to 120 days S 275,000.00 21% Over 120 days S 98,000.00 2,333,000.00 43% a. Prepare the necessary journal entry to record bad debts as of 12/31/21 assuming Mine, Inc. had a debit balance of $8,500 in its Allowance account before this entry is made. b. Assume that Mine received a bankruptcy notice on January 25, 2022 from a customer indicating that they will not be able to pay a $18,000 balance owed to Mine. Prepare the journal entry that should be recorded at the time of receiving this notice. c. Now assume that on January 31, after Mine had written off the customer's account (in the previous problem), Mine received a letter from the same customer indicating that a third party had acquired the failing company and had agreed to pay all of its debts. The customer's partial payment of $8,000 was included in the letter along with reassurance that the remainder would be paid promptly. Make the necessary journal entries.