Sales Revenue & Accounts Receivable (LLH 6) Sansa Inc. had the following information about receivables at the end of 2019: Requied balance in Allowance for Bad Debts Bad Debt Expense Aging of Accts Receivable: Customer L. Arryn V. Targaryen J. Baratheon S. Tarly J. Mormont G.M. Pycelle O. Tyrell K. Drogo Total Rec. Not Yet Due $62,500 $9,500 $68,000 $81,500 $32,000 $108,000 $6,000 $6,000 55,000 55,000 1 to 30 days 30 to 90 days Over 90 days $62,500 9,500 68,000 $81,500 32,000 $108.000 AJ uses the aging of accounts receivable method to determine the allowance for bad debts. He assumes the following regarding the bad debts for the roster above: Bad Debt % 1% 5% 10% 25% Required: Record the necessary year end adjustments relating to bad debts. As of 12/31/18, the balance in the Allowance for Bad Debts is a $2,000 debit