View Policies Current Attempt in Progress Blossom Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Blossom's Accounts Receivable account was $599,400 and Allowance for Doubtful Accounts had a credit balance of $44,130. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Days Account Outstanding Less than 16 days Between 16 and 30 days Between 31 and 45 days Between 46 and 60 days Between 61 and 75 days Over 75 days (to be written off) Amount $317.500 117,700 88,200 42,400 18,600 15,000 Probability of Collection 0.96 0.90 0.85 0.78 0.60 0.00 What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Balance for Allowance for Doubtful Accounts $| 4 3:08 PM /2/2020 a 4 Show how accounts receivable would be presented on the balance sheet. BLOSSOM CORPORATION Balance Sheet (Partial) e Textbook and Media What is the dollar effect of the year-end bad debt adjustment on the before-tax income? Dollar effect of the year-end bad debt adjustment $ e Textbook and Media 3:08 PM