View Policies Current Attempt in Progress Oriole Company has been in business for several years and has the following information for its operations in the current year: (a) Assume that Oriole Company estimates its expected credit losses based on an analysis of the length of time its receivables hive been outstanding. After completing this analysis and applying the expected rates of credit losses, the company estimated total expected credit losses of $54,000 1. What amount of credit losses will the company record if it has a credit balance (before adjustment) of $6,500 in its Allowance for Expected Credit Losses on December 31? Assume that Oriole Company estimates its expected credit losses based on an analysis of the length of time its receivables have been outstanding. After completing this analysis and applying the expected rates of credit losses, the company estimated total expected credit losses of $54,000. i. What amount of credit losses will the company record if it has a credit balance (before adjustment) of $6,500 in its Allowance for Expected Credit Losses on December 31 ? ii. What amount of credit losses will it record if there is a debit balance (before adjustment) of $6,500 in its Allowance for Expected Credit Losses on December 31