Please answer the questions below

Miller-Barley Corporation operates in an industry that has a high rate of bad debts. Prior to making any adjustment at year-end, the balance in Miller-Barley's Accounts Receivable account was $555,000 and Allowance for Doubtful Accounts had a credit balance of $40,000. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Probability of Days Account Outstanding Amount Collection Less than 16 days 300,000 0.98 Between 16 and 30 days 100,000 0.90 Between 31 and 45 days 80,000 0.85 Between 46 and 60 days 40,000 0.80 Between 61 and 75 days 20,000 0.55 Over 75 days (to be written off) 15,000 0 Instructions (a) What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Expected Estimated Days Account Outstanding Amount Percentage Uncollectible Uncollectible Less than 16 days 300,000 Between 16 and 30 days 100,000 Between 31 and 45 days 80,000 Between 46 and 60 days 40,000 Between 61 and 75 days 20,000 Over 75 days (to be written oft) 15,000 (b) Show how accounts receivable would be presented on the balance sheet. (c) What is the dollar effect of the year-end bad debt adjustment on the before-tax income