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You have the following information about the receivables of a firm: Year 2018 2,000 Year 2019 Accounts Receivable (Gross) ending balance 20,000 22.000 Allowance for

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You have the following information about the receivables of a firm: Year 2018 2,000 Year 2019 Accounts Receivable (Gross) ending balance 20,000 22.000 Allowance for Uncollectibles ending balance ? Credit Sales Revenues for the year 60,000 64,000 Bad Debt Expense for the year Actual write-offs due to defaults for the year 1,900 2,700 ? 3,000 Aging Schedule for 2019: Age of Receivable Amount $ Estimated Uncollectibility 0-30 days 10,000 2% 31-60 days 5,000 6% 61-90 days 3,000 10% > 90 days 2,000 40% What is the ending balance of the Allowance for Uncollectibles at the end of 2019? Show your work. What should be the Bad Debt Expense recognized in 2019? Show your work

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