Sheffield Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Sheffield's Accounts Receivable account was $595,800 and Allowance for Doubtful Accounts had a credit balance of $40,550. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Probability Days Account Outstanding Amount Less than 16 days Between 16 and 30 days Between 31 and 45 days Between 46 and 60 days Between 61 and 75 days Over 75 days (to be written off) $316,300 117,200 81,400 44,800 20,300 15,800 Collection 0.96 0.90 0.85 0.80 0.58 0.00 dy. What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Balance for Allowance for Doubtful Accounts Show how accounts receivable would be presented on the balance sheet. SHEFFIELD CORPORATION Balance Sheet (Partial) What is the dollar effect of the vear-end bad debt adjustment on the before-tax income? Dollar effect debt adjustmen