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 130 days 3% allowance 6.000 past due 31-60 days 10% allowance 3,000 post due 61-90 days 40% allowance 1.000 past due over 90 days 70% allowance Muitple Choice Required balance in Allowance for Doubtful Accounts is $4220 O Rocuired balance in Allowance for Doubt Accounts is $4.300 Required balance in Allowance for Doubtful Accounts is $21500 Multiple Choice Required balance in Allowance for Doubtful Accounts is $4220 Required balance in Allowance for Doubtful Accounts is $4300 Fegured bolence in Allowance for Doubtful Accounts is $21.500 Required balance in Allowance for Doubtful Accounts $5,300