Silly's Downtown Properties developed an aged schedule of accounts receivable at the end of each year. Click the icon to view the schedule of accounts receivable.) The company estimated an allowance for uncollectible accounts based on the following estimates: Click the icon to view the allowances provided.) Silly's reported net credit sales of $4,800,000 for the current year. We present the company's ending balances of accounts receivable and the allowance for uncollectible accounts: (Click the icon to view the t-accounts.) 1-30 Days 31-60 Days 61-90 Days Over 90 Days Current Totals 115,000 $ 22,000 $ 5,000 $ 142,000 Customer Cracker Consultants Whitmer Company Luxury Products Drake Industries 8,000 15,000 $ 66,000 89,000 21,000 46,400 $ 13,500 192,000 272,900 30,500 11,500 42,000 Totals $ 123,000 $ 43,000 $ 66,400 $ 44,000 $ 269,500 $ 545,900 Aging Allowance Category Provided Current 2% 8% 11% 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due 30% a. 55% Accounts Receivable Ending Balance 545,900 Allowance for Uncollectible Accounts 119,000 Unadjusted Ending Balance Requirement a. Compute the balance required in the allowance for uncollectible accounts. Silly's Downtown Properties: Aged Schedule of Accounts Receivable Past Due Current 1-30 Days 31-60 Days 61-90 Days Over 90 Days Totals Totals % % Allowance % % % % Allowance needed