Brief Exercise 5-46 Aging Method Ingrid Inc. has strict credit policies and only extends credit to customers with outstanding credit history. The company determined that at January 1, 2019, it had balances in Accounts Receivable and Allowance for Doubtful Accounts examined its accounts and collected $2,715,000 of accounts receivable, and had customer defaults respectively. During 2019, Ingrid extended credit for $3,075,000 of sales, performed an aging analysis on its recelvables at year end and determined that $6,800 of its receivables will be uncollectible. Required: 1. Calculate Ingrid's balance in accounts receivable on December 31, 2019, prior to the adjustment 2. Calculate Ingrid's balance in allowance for doubtfui adtounts on December 31, 2019, prior to the adjustment doubtful adounts on December 31, 20 Feedback 3. Prepare the necessary adjusting entry for 2019. Bad Debt Expense Allowance for Doubtful Accounts Record adjusting entry for allowance for doubtful accounts estimate