Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 6% uncollectible rate Accounts more than 60 days are considered old and have a 45% uncollectible rate. Required: 1. IF YOC has $120,000 of young accounts and $300.000 of old accounts, how much should be reported in the Allowance for Doubtful Accounts? 2 IF YOC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $30,000, how much should be credited to the account? 3. IF YOC's Allowance for Doubtful Accounts has an unadjusted debit balance of $4.000, how much should be credited to the account? 1. Amount to be Reported 2. Amount to be Credited 3. Amount to be Credited S 207.000 S 177,000 S 211,000