Prepare the adjusting entry relating to bad debts on December 31, 2018.

please with calculations

An aging analysis of Toy Co Limited's accounts receivable at December 31, 2018 and 2017, showed the following: Accounts Receivable Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90 days Total 2018 $300,600 63,500 86,500 129,900 $580,500 2017 $317,400 114,900 75,600 50,300 $558,200 Estimated Percentage Uncollectible 3% 6% 12% 24% Additional information: 1. 2. At December 31, 2017, the unadjusted balance in Allowance for Doubtful Accounts was a credit of $9,100. In 2018, $42,100 of accounts were written off as uncollectible and $3,200 of accounts previously written off were recovered. Prepare an aging schedule to calculate the estimated uncollectible accounts at December 31, 2017 and 2018. Note that the estimated percentages uncollectible are the same for both years. Total estimated allowance balance at Dec. 31, 2017: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts $ 9522 $ 0-30 days $317,400 3% 6894 31-60 days 114,900 6% 61-90 days 9072 75,600 12% Over 90 days 50,300 24% 12072 $ $ 37560 Total $558,200 Total estimated allowance balance at Dec 31, 2018: Number of Days Outstanding Accounts Receivable Estimated Percentage Uncollectible Estimated Uncollectible Accounts $ 0-30 days $300,600 3% 9018 3810 31-60 days 63,500 6% 10380 61-90 days 86,500 12% 31176 Over 90 days 129,900 24% $ Total $580,500 54384