Whispering Corporation operates in an industry that has a high rate of bad debts. Before any yearend adjustments, the balance in Whispering's Accounts Receivable account was 5581,000 and Allowance for Doubtful Accounts had a credit balance of $40,670. The year end balance reported in the balance shoot for Allowance for Doubtful Accounts will be based on the aping schedule shown below. Probability of Collection 0.97 0.90 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 5313.600 111.700 82.900 40.200 18 400 14200 0.86 0.78 0257 0.00 (a) What is the appropriate balance for Allowance for Doubtful Accounts at year end? 5 Balance for Allowance for Doubtful Accounts e Textbook and Media