Question $1$: Accounts Receivable $(28$ marks$)$

An aging analysis of Ayala Ltd$\text{'}$s accounts receivable at December $31,2023$ and $2022,$ showed the following:

$\backslash$table$[[\backslash$table$[[$Number of Days$],[$Outstanding$]],$Accounts Receivable,$\backslash$table$[[$Estimated Percentage$]]],[2023,2022,],[0-30$ days,$$235,000,$$$225,000,2\%$