Part II $(10$ marks$)$

The unadjusted trial balance of Fortune Company included the following accounts:

$\backslash$table$[[,$Debit $$,$Credit $$],[$Sales $(80\%$ on credit$)$ for the year ended $31$ Dec $2023,,900,500],[$Accounts Receivable $31$ Dec $2023,209,070,],[$Allowance for Impairment $1$ Jan $2023,,3,500]]$

The aging of accounts receivable produced the following five groupings.

$\backslash$table$[[$Days Past Due,Amount,$\backslash$table$[[$Estimated $\%$ of$],[$Uncollectible$]]],[$Not yet due,$85,000,1\%$