Question 1 (5 points) Cameron Ltd. has provided the following information from its unadjusted trial balance for the year ending October 31, 2019: a. Allowance for doubtful accounts - debit balance of $2,523 b. Accounts receivable balance - $319.125 c. Aged listing of receivables at year end is as follows: Age Current > 30 Days > 60 Days > 90 Days Total Accounts Receivable $159.000 $ 90,250 $ 64% $ 5,200 $319,125 Probability of Non-collection 0.4% 6% 16% 85% Required: 1. Prepare the necessary year end journal entry on October 31, 2019 where estimates for bad debt losses are based on the aging schedule above (3 Marks) 2 Based on the entries above calculate the ending balances for the allowance for doubtful accounts and bad debt expense. Ensure that you indicate whether the calculated amount is a debit or a credit balance. Show and label your work. Round answers to the nearest dollar (2 Marks)