Tree Company had a $600 debit balance in Allowance for Doubtful Accounts at December 31, 2020, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following Estimated Percentage Uncollectible Current Accounts $170,000 1% 1-30 days past due 15,000 29 4 31-60 days past due 12,000 4% 61-90 days past due 5,000 15% Over 90 days past due 8.500 25% Total Accounts Receivable $210.500 Requirement: 1. Calculate the uncollectible amount. Show your work. 2. Prepare the adjusting entry on December 31, 2020, to recognize bad debts expense