PT-d-B {LEE} {BadDebt Reporting} From inception ofoperaons to December 3-1, 331?, Pea-an Corporation provided hr uncollectlble accounts receivable Lulder the allowance method; provisions were rnacle monthly at 1% ofcredit sales,- bad debts written oft'were changed totl'te allowance accountgreooveriesot'bad debts previouslywritten oEl werecredjtcd to the allowance account; and no yearend adjustments t3: H'teallowaruze account werernade. Peecan's usual credit terms arenet Sundays. Thebalance in Allowance Echouthul Accounts was $36M atlanuary 1, 201?. During 2131?,creditsales totaled m, interimprovisionsfordoubtl-ulaccountsweremadeat1%cfueditsa1es,$4?,mofbaddebtswerewrittenoff,and recoveries of accounts previously written off amounted to $3,009. Peecan installed a computer system in November 2111?, and an aging of accounts receivable was prepared tor the rst timeas ofDecemberBl, Zillstunmary ofthe aging is as liollows. CIaEicaliort by Balance in Edutated '5 Month of Sale Each Categu'y Urloollccb'ble NovemberDEM 201? i Twill] I'll. IulyDcmber 201 Ill] 39' Ianuarylune 33-111] 30% Prior to HUN]? HUI\") m SLIQJIIII] Based on the review of collectibility of the acmunt balances in the "prior to lf'lr'zl?" aging category, additional receivables totaling mm were written clfas of Decernberl, 201?. Them unccllecu'bleestimate appliesto theremainingil in the category Eective with the year ended December 31, 201?, Feecart adopted a djElerent method forestirnaling theallorwarmet'cr doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable. Instluoon: {all Prepare a schedule analyzing the changes in Allowance for Ibubtiul Accounts for the year ended December 31, 201?. Show supporting computations in good form (Him: in computing lite 121'31t'21? allowance, subtract tlte $30M writeolil}. {bl Preparethejoumalentryfortheyearendadjusunentto HteAllowancethhubtdAnmursbalanceastDecember 31, 201