Take-home Portion: Manilow Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Manilow's Accounts Receivable account was $650,000 and Allowance for Doubtful Accounts had a credit balance of $45,500. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. The amount of accounting receivable write-offs during the year in the amount of $19,500 has not been recorded yet. Days Account Outstanding Probability of Amount Collection Less than 16 days $ 325,000 0.95 Between 16 and 30 days $ 156,000 0.90 Between 31 and 45 days Between 46 and 60 days Between 61 and 75 days Over 75 days $ 78,000 0.85 $ 39,000 0.80 $ 32,500 0.55 $ 19,500 0 2