Question 4 (15 Points) JGers Software Corporation operates in an industry that has a high rate of bad debts. On December 31, 2019 before any year-end adjustments, the balance in Jers's accounts receivable account was $1,925,000 and the Allowance for Doubtful Accounts had a balance of $85,000. The year-end balance reported in the statement of financial position for the Allowance for Doubtful Accounts will be based on the aging schedule shown below. Amount Days Account Outstanding Less than 15 Probability of Collection 0.96 $950,000 16 to 30 310,000 0.82 31 to 45 260,000 0.57 46 to 60 195,000 0.41 61 to 75 125,000 0.12 Over 75 85,000 0 Required 1. Show how accounts receivable would be presented on the balance sheet prepared on December 31, 2020. (5 Points) 2. What is the dollar effect of the year-end bad debt adjustment on the before-tax income for the year? (5 Points) 3. How will the adjustment affect the financial ratios? Please explain. (5 Points)