The Physical Therapy Center specializes in helping patients regain motor skills after serious accidents. The center has the following balances on December 31, 2015, before any adjustment: Accounts Receivable= $110,000; Allowance for Uncollectible Accounts = $4,000 (debit). The center estimates uncollectible accounts based on an aging of accounts receivable as shown below.

Required:
1. Estimate the amount of uncollectible receivables.
2. Record the adjustment for uncollectible accounts on December 31, 2015.
3. Calculate the net realizable value of accountsreceivable.

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Age Group Not yet due 0-60 days past due 61-120 days past due More than 120 days past due Amount Receivable S60,000 26,000 16,000 8,000 $110,000 Estimated Percent Uncollectible 4% 20% 30% 85% Total