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ADB Company reported the following balances on January 1, 2019: Accounts receivable Allowance for doubtful accounts 1500,000 90,000 During the current year, the entity recorded credit sales of P 8,000,000. Accounts. P100,000 were written off during the year but accounts of P 20,000 were subsequently recovered. The balance of accounts receivable...on December 31, 2019 amounted to P 2,000,000 and aged as follows: Estimated uncollectible 1% Classification Balance 1- - 60 days P 1,000,000 61 - 120 days 400,000 121 - 180 days 300,000 181 - 360 days 200,000 More than 1 year 100,000 P2.000.000 5% 10% 25% Accounts receivables under the classification more than one year" are to be written off on December 31, 2019 1. REQUIRED: Compute the required allowance for doubtful accounts on December 31, 2019. Prepare the entry to record doubtful accounts expense for the year. Compute the net realizable value of accounts receivable on December 31, 2019. Z 3