Stormer Company shows the following information on July 31, 2024, the companys fiscal yearend: Account Debit Credit Accounts receivable $5,000 Allowance for doubtful accounts 500 Sales ($5,000 cash sales) $75,000 The companys accountant generated the following aging schedule of accounts receivable: Number of Days Outstanding Amount Receivable Estimated Uncollectible 0-30 days $3,000 1% 31-60 days 1,000 5% 61-90 days 600 10% Over 90 days 400 40% Required: a.) Prepare the adjustment to allowance for doubtful accounts based on the information above. b.) Show how accounts receivable, net would be disclosed on the balance sheet