S&R Company uses the aging of accounts receivable approach to estimate bad debt expense. On December 31, 2015, an analysis of accounts receivable revealed the following: Schedule of Account Reche by Age Expected December 31, 2015 Age of Account Percentage A Recak Rechable 130,000 Not yet du 0.799 45.000 1-30 days past de 9,000 31-60 days past de 10. 4,000 61-90 days past de 60 2.000 Over day past de Required: a) Calculate the amount of allowance for doubtful accounts that should be reported on the balance sheet at December 31, 2015. ) Calculate the amount of bad debts expense that should be reported on the 2015 income statement, assuming that the balance of Allowance for Doubtful Accounts on January 1 was $44.000 (credit balance) and accounts receivable written off during the year totaled $49,200. (c) Present the appropriate general journal entry to record bad debts expense on December 31, 2015. (d) Show how accounts receivable will appear on the balance sheet at December 31, 2015, General Journal Date Accounts Debit Credit LAUG