Problem 2 Whitney Corporation has the following balances in its accounts before making the adjusting entries at the An aging of accounts receivable yielded the following information Based on past history, Whitney estimates the following percent of uncollectible accounts in each category: Not due yet, 1%,130 days past due, 5%,3090 days past due 20%, over 90 days past due 50%. Required: 1. Prepare an aging of accounts receivable calculating the desired balance in the allowance for doubtful aceounte and the end of the vere 2. Prepare the adjusting entry to estimate the amount of uncollectible accounts on December 31,2023 assuming Whitney uses: a. The Balance Sheet method using the aging of accounts receivable. b. The Income Statement method which assumes a 1% of net sales will be uncollectible