Problem 8-01A a-d (Part Level Submission) Blossom Company uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts based on the information below. Total $406,000 0-30 $233,000 Number of Days Outstanding 31-60 61-90 91-120 $89,000 $50,000 $24,000 Over 120 $10,000 Accounts receivable % uncollectible 1% 4% 5% 9% 11% Estimated bad debts Click if you would like to Show Work for this question: Open Show Work