Please include as much detail as possible to help me understand how you found your answer. Thank you.

1. Allowance calculations Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 31, the company's fiscal year-end. The 2014 balance sheet sclosed the following . Current Assets: Receivables (net of allowance for uncollectible accounts of $32000) $447000 During 2015, credit sales were $1770000, cash collections from customers $1880000, and $32000 in accounts receivable were written off. In addition, $3600 was collected from a customer whose account was written off in 2014. An aging of accounts receivable at December 31, 2015, reveals the following: Age Group % of year-end AR in Group % Uncollectible 0-60 days 65% 4% 61 -90 days 20% 15% 90 - 120 days 10% 25% Over 120 days 5% 40%