Part II (11 marks) 3-D Printing Shop uses the statement of financial position approach to estimate uncollectible account receivable. Up to 31 December 2019, no adjusting entry has been made for the Allowance for Impairment account and the account balance is $14,000 credit. The aging schedule of the accounts receivable as at 31 December 2019 is as follows: Amount past due Accounts Estimated receivable uncollectible percentage Current $ 400,000 2% 1 - 30 days 250,000 4% 31-60 days 80,000 5% Over 60 days 20,000 8% $750,000 (a) Calculate the amount of the Impairment Loss of Receivable to be adjusted for the your workings. (3 marks) year. Show (b) Prepare the adjusting entries for Impairment Loss of Receivable at 31 December 2019. (2 marks) (c) Using the same information in the question, except that the unadjusted balance of Allowance for Impairment account is $14,000 debit instead of credit, prepare the adjusting entries for Impairment Loss of Receivable at 31 December 2019. (2 marks) (d) A customer, Avengers Company, whose account receivable of $2,350 had been previously written off, is now able to pay back the amount to 3-D Printing Shop. Prepare the journal entries for the recovery. (4 marks)