t its annual year-end of December 31, the accounts of EZ Inc. show the following 1) Credit sale for the year of $3,200,000 2) Allowance for doubtful account balance, December 21, $10,000 credit (before end of year adjustments) 3) Account Receivable balance, December 31, $400,000 4) Aging schedule at December 31 for A/R follow Required 1. Prepare the December 31 adjusting entry to adjust A/R to the net amount expected to be collected for each for each of the following independent assumptions a. Expected loss rate on total A/R at the year 30% b. Expected loss rate: not past due 2%, past due 160 days 6%, and past due over 60 days 15%