The Mighty Power Tool Company has the following accounts on its books:

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Customer	Amount Owed ($)	Age (days)
ABC	$50,000	35
DEF	35,000	5
GHI	15,000	10
KLM	75,000	22
NOP	42,000	40
QRS	18,000	12
TUV	82,000	53
WXY	36,000	90

The firm extends credit on terms of 1/15, net 30. Develop an aging schedule using 15-day increments through 60 days, and then indicate any accounts that have been outstanding for more than 60 days. Answer: Fill in the following Mighty Power Tool Company Aging Schedule: (Round dollar amounts to the nearest dollar and percentages to one decimal place.)

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Days Outstanding	Amount Owed	Percent of Accounts Receivable
015	$	%
1630	$	%
3145	$	%
4660	$	%
over 60	$	%
Total	$	%

Answer: A total of $_________ is outstanding for more than 60 days and represents ________% of Mighty Power Tool Company's accounts receivable. (Round dollar amounts to the nearest dollar and percentages to one decimal place.)