Trophy Fish Company supplies flies and fishing gear products to sporting goods stores and outfitters throughout the western United States. The accounts receivable clerk for Trophy Fish prepared the following partially completed aging of receivables schedule as of the end of business on December 31, 2017: Not Days Past Due Past Customer Balance Due 1-30 31-60 61-90 91-120 Over 120 AAA Outfitters 19,100 19,100 Brown Trout Fly Shop - - - - - - - - - - - 7,000 - - - - 7,000 - - - - - - - - - - - - - - - - - - - - - Zigs Fish Adventures 4, 200 4 ,200 Subtotals 1,290,200 750,500 281,500 The following accounts were unintentionally omitted from the aging schedule: 125,100 41,600 16,100 75,400 Customer Due Date Balance Adams Sports and Flies May 22 $5,100 Blue Dun Flies Oct. 10 5,000 Cicada Fish Co. Sept. 29 8,800 Deschutes Sports Oct. 20 7,500 Green River Sports Nov. 7 3,500 Smith River Co. Nov. 28 2,000 Western Trout Company Dec. 7 6,300 Wolfe Sports Jan. 20 4,800 Trophy Fish has a past history of uncollectible accounts by age category, as follows: Age Class Percent Uncollectible Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-120 days past due Over 120 days past due 1. Determine the number of days past due for each of the preceding accounts. If an account is not past due, enter a zero. Customer Due Date May 22 Adams Sports and Flies Number of Days Past Due days days Blue Dun Flies Oct. 10 Sept. 29 Cicada Fish Co. Deschutes Sports Oct. 20 Green River Sports Nov. 7 Smith River Co. Nov. 28 Dec. 7 Western Trout Company Wolfe Sports Jan. 20 2. Complete the aging of receivables schedule by adding the omitted accounts to the bottom of the schedule and updating the totals. If an amount box does not require an entry, leave it blank. Trophy Fish Company Aging of Receivables Schedule December 31, 2017 Customer Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61.90 Days Past Due 91-120 Days Past Due Over 120 AAA Outfitters 19,100 19,100 Brown Trout Fly Shop 7,000 7,000 4200 1,290,200 750,500 125.100 Zigs Fish Adventures Subtotals Adams Sports and Flies Blue Dun Flies Cicada Fish Co. Deschutes Sports Green River Sports Smith River Co. Western Trout Company Wolfe Sports Totals Percent uncollectible (%) Estimate of uncollectible accounts 3. Estimate the allowance for doubtful accounts, based on the aging of receivables schedule. 4. Assume that the allowance for doubtful accounts for Trophy Fish has a credit balance of $3,400 before adjustment on December 31, 2047. Journalize the adjustment for uncollectible accounts. Dec. 31 - 5. Assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? On the balance sheet, assets would be earnings) would be by s because the allowance for doubtful accounts would be because bad debt expense would be and net income . In addition, the stockholders' equity (retained on the income statement. by $ by $