What is the required balance in the Allowance for Doubtful Accounts for the Joy Company based on the following $100,000 current balance 1% allowance 60,000 past due 1-30 days 3% allowance 6,000 past due 31-60 days 10% allowance 3,000 past due 61-90 days 40% allowance 1,000 past due over 90 days 70% allowance Multiple Choice Required balance in Allowance for Doubtful Accounts is $21,500. Required balance in Allowance for Doubtful Accounts is $5,300. Required balance in Allowance for Doubtful Accounts is $4,220. Required balance in Allowance for Doubtful Accounts is $4,300