This question will be sent to your instructor for gradi 27 14 points Novak Company has the following unadjusted account balances on December 31, 2019 - Accounts Receivable of $553.000 and Allowance for Doubtful Accounts of $3.500 (credit balance. The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end Accounts Recevable Age of Accounts Expected Percent Receivable Uncolectible 285.000 Not yet due 178.500 1 to 30 days past due 40 72.000 31 to 60 days past due 8.5 12.500 61 to 90 days past due 390 5,000 Over 90 days past due 820 17 20% 1. Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, 2020 balance sheet calculation: Amount Totat 2. Prepare the adjusting journal entry to record bad debts expense for the current year. Account Debit Crede