Young and Old Corporation (YOC) uses two aging categorles 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. Required: 1. 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? 2. If YOC's Allowance for Doubtful Accounts curently has an unadjusted credit balance of $48,000, how much should be credited to the account? 3. If YOCs Aliowance for Doubtut Accounts has an unadjusted debit batonce of $5,800, how much should be credited to the aceount