t of CHAPTER 7: ACCOUNTS RECEIVABLE As an employee of TonyDennis Company, you are provided with the following information: Account Balances, December 31, 2019 Accounts Receivable Current 1-30 days 31-60 days DR CR 325,000 177,000 72,000 61-90 days 65,000 over 90 days 20,600 659,600 Allowance for Doubtful Accounts Sales (on account/credit) Sales discounts 25,000 13,000 2,500,000 Time left 1:40:02 10 TonyDennis Company uses the Allowance Method to estimate uncollectible accounts. Management estimated that the following percentage of accounts receivable balances will be deemed uncollectible: Number of days Past Due Current 1-30 days 31-60 days 61-90 days Over 90 days Required: Percentage (%) estimated Uncollectible 1 3 10 30 45 Under the Allowance Method where uncollectible accounts is based on aged receivables, what is the ending balance found in the Allowance for Doubtful Accounts on December 31, 2019? Da. $62,500 CR Ob. $61,875 CR Oc. $16,475 CR Od. $44,530 CR Fin