PROBLEM I]. ACCOUNTS RECEIVABLE BAD DEBT ESTIMATION AND ACCOUNT ANALYSIS (20 points) Part A: During 2019, Everett Department Store reported total sales of $3,000,000, of which 80% were on credit. The balance in Accounts Receivable at January 1, 2019 was $165,000. The balance in the Allowance for Bad Debts on that same date was $20,000. The amount of accounts written off as uncollectible during 2019 totaled $27,000 and there were no recoveries of accounts previously written off. The following aging of accounts receivable is for Everett Department Store December 31, 2019. Less than 31 days to 61 days to Over Overall 3 0 dgys 60 days 90 days 90 ds Total $492,000 $366,000 $72,000 $24,000 $30,000 Everett has developed the following bad debt information from its own past experience. Estimated Percent Age atAccaunt Uncollectible Less than 30 days 2 31 to 60 days 12 61 to 90 days 35 Over 90 days 90 Everett uses the aging of accounts receivable method to estimate its bad debt expense for the year. Required: Determine the following items placing your answer in the space provided. Show and label your calculations in the space provided in order to receive partial credit. a. Estimated uncollectible customer accounts at December 31, 2019 $ (4points) Calculations: b. Bad debt expense for 2019 (4 points) $ Calculation: c. Gross accounts receivable at December 31, 2019 (4 points) '3