tt- Pachel Corporation reports the following information pertaining to its accounts receivable: Days Past Due 31-60 Current 1-30 61-90IIOver 90 $60,000 40,000$25,00012.000$2.000 The company's credit department provided the following estimates regarding the t of accounts expected to eventually be written off from each category listed above: 2% 1so days past due 16 Receivables 1-30 days past due Receivables 31-60 days past due16 Receivables 61-90 days past due40 Receivables over 90 days past due 90 The company uses a statement of financial position approach to estimate credit losses a Record the comoany's impairmont loss of reeawvable, asunino i has 8 91,60 crodr saiance n is sign in your Allowance for Impairment prior to making the necessary adjustment. (Omit the response.) General Jounal Click to select) Click to select) Allowance for Impairment prior to making the necessary adjustment. (Omit the "$" sign in your response.) b. Record the company's impairment loss of receivable, assuming it has a $1,600 debit balance in its General Journal Click to select) (Click to select)