Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 4% uncollectible rate. Accounts more than 60 days are considered old and have a 35% uncollectible rate. Required 10 points 1. If YOC has $107000 of young accounts and $470,000 of old accounts, how much should be reported in the Allowance for el onaol vun account Doubtful Accounts? to the account? account? Skipped 2. IfYOC's Allowance for Doubtful Accounts currently has an unadjusted credit balance of $47,000, how much should be credited 3. If YOC's Allowance for Doubtful Accounts has an unadjusted debit balance of $5,700, how much should be credited to the Print 1. 2. 3. Amount to be Reported Amount to be Credited Amount to be Credited References