Financial Training Systems (FTS) bills its accounts on terms of 3/10, net 30. The firm’s accounts receivable include $100,000 that has been outstanding for 10 or fewer days, $300,000 outstanding for 11 to 30 days,

$100,000 outstanding for 31 to 40 days, $20,000 outstanding for 41 to 50 days, $10,000 outstanding for 51 to 60 days, and $2000 outstanding for more than 60 days. Prepare an aging schedule for FTS.