Presented below is information related to the Accounts Receivable accounts of Kingbird Inc. during the current year 2020. 1. An aging schedule of the accounts receivable as of December 31, 2020, is as follows % to Be Applied after Age Net Debit Balance Correction Is Made Under 60 days $172,000 2% 60-90 days 91-120 days 3% 135,100 39,100 5% $3,900 definitely uncollectible; Over 120 days 22,700 estimated remainder uncollectible is 23% $368,900 *The $3,000 write-off of receivables is related to the 91-to-120 day category 2. The Accounts Receivable control account has a debit balance of $368,900 on December 31, 2020. 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to Allowance for Doubtful Accounts, and (2) a credit for $3,000 on November 3, 2020, and a debit to Allowance for Doubtful Accounts because of a bankruptcy. 4. Allowance for Doubtful Accounts is as follows for 2020. Allowance for Doubtful Accounts Uncollectible accounts 3,000 Jan. 1 Nov. 3 Beginning balance 8,900 written off Dec. 31 5% of $368,900 18,445 5.A credit balance exists in Accounts Receivable (60-90 days) of $4,500, which represents an advance on a sales contract. Assuming that the books have not been closed for 2020, make the necessary correcting entries. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Date Debit Credit