Required information Problem 9-3A Aging accounts receivable and accounting for bad debts LO P2. P3 The following information applies to the questions displayed below] Jarden Company has credit sales of $2.700,000 for year 2017 On December 31.2017 the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $18.442 Jarden prepares a schedule of its December 31, 2017 accounts recelvable by age e. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here December 31, 2017 Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible 1.16% $ 540,8ee Not yet due 216,000 43,280 21,600 1 to 3e days past due 31 to 6e days past due 61 to 90 days past due Over 98 days past due 1.85 6.35 32.80 66.00 4,320 Problem 9-3A Part1 Required: 1. Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2017 using the aging of accounts receivable method Not due 1 to 30 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles