Young and Old Corporation $($YOC$)$ uses two aging categories to

estimate uncollectible accounts. Accounts less than $60$ days are

considered young and have a $3\%$ uncollectible rate. Accounts more

than $60$ days are considered old and have a $40\%$ uncollectible

rate.$$If YOC has $$108,000$ of young accounts and $$480,000$ of old

accounts, how much should be reported in the Allowance for Doubtful

Accounts?Amount to be reported:$$If YOC$$s Allowance for Doubtful Accounts currently has an

unadjusted credit balance of $$48,000,$ how much should be credited

to the account?Amount to be credited:If YOC$$s Allowance for Doubtful Accounts has an unadjusted debit

balance of $$5,800,$ how much should be credited to the account?Amount to be credited:$$