Similar to audits of for-profit entities in which the adequacy of the allowance for doubtful accounts associated with accounts receivable must be evaluated, audits of government and nonprofit entities require the evaluation of receivables and the related allowance accounts. The following represents the aging of taxes receivable for McKenzie Health Foundation for the historical years ended June 30, 2020, 2019, 2018, 2017, and 2016. Contributions receivable vary significantly by year; however, contribution revenue has been fairly stable over the five-year period. Fiscal Year-End Total contributions receivable.... Allowance for uncollectible contributions Total contributions revenue 6/30/2020 $ 1,006,000 30,180 21,123,000 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 $1,273,000 38,190 22,064,100 $ 931,000 $1,874,000 $ 596,000 $ 465,000 27,930 20,099,500 65,590 22,117,200 20,860 21,978,800 18,600 21,654,000 Aging of contributions receivable 0-30 days.. 31-60 days. 61-90 days.. >90 days. 520,000 376,000 26,000 426,000 410,000 471,000 436,000 290,000 205,000 1,474,000 596,000 435,000 400,000 30,000 50,000 Required: $ 1,006,000 $1,273,000 $ 931,000 $1,874,000 $ 596,000 $ 465,000 1. Analyze the aging of contributions receivable and the allowance for uncollectible contributions. Your analysis should present percentages within the categories of the aging of contributions receiv- able. In particular, you should note whether percentage of older receivable amounts has changed over the analysis period. 2. Comment on the adequacy of the allowance for uncollectible contributions. 3. Would your approach to determining the allowance for uncollectible contributions change if you were making an analogous analysis in a for-profit entity?