Page Four Part 2- Problem 2: Aging of Accounts Receivable- This problem is worth 5 points. Use the space below for your answer. FHB, Inc. uses the aging of accounts receivable method for estimating bad debts. Based on the December 31st accounts receivable records, the amounts for each aging category are as follows: $ 200,000 115,000 Category 1: Category 2: Category 3: Category 4: Category 5: Current-not yet due: 1 to 30 days overdue 31 to 60 days overdue 61 to 90 days overdue Over 90 days past due 45,000 7,500 20.000 $ 387,500 Based on past history, the estimated percentages of uncollectible accounts receivable for each category is as follows: Category 1: Category 2: Category 3: Category 4: Category 5: 1% 5% 10% 20% 50% Required: Prepare, in good form, an aging schedule for December 31st 1 Bonus Point: If the Allowance for Doubtful Accounts (Bad Debts) has a $6,000 credit balance prior to this year's adjustment, what is the amount of this year's adjusting entry? Answer: $