Swifty Corporation sells office equipment and supplies to many organizations in the city and surrounding area on contract terms of $\frac{2}{10},\frac{n}{30}.$ In the past, over $75\%$ of the credit customers have taken advantage of the discount by paying within $10$ days of the invoice date.e

The number of customers taking the full $30$ days to pay has increased within the last year. Current indications are that less than $60\%$ of the customers are now taking the discount. Bad debts as a percentage of gross credit sales have risen from the $2\mathrm{.}9\%$ average in past years to about $4\mathrm{.}9\%$ in the current year.

The company's Finance Committee has requested more information on the collections of accounts receivable. The controller responded to this request with the following report.

Swifty Corporation

Accounts Receivable Collections

May $31,2020$

The fact that some credit accounts will prove uncollectible is normal. Annual bad debt write$-$offs have been $2\mathrm{.}9\%$ of gross credit sales over the past $5$ years. During the last fiscal year, this percentage increased to slightly less than $4\mathrm{.}9\%.$ The current Accounts Receivable balance is $$1,400,000.$ The condition of this balance in terms of age and probability of collection is as follows.

$\backslash$table$[[$Proportion of Total,Probability of Collection$],[60\%,$not yet due,$98\%$ please include tables with the proportion of total, amount in category, probability of non$-$collection, and estimated uncollectible amount.