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15. Fresh Food Company is a wholesaler which sells goods to retail stores. As of end of the year of 2019 (December 31, 2019), Fresh Food Company's receivables amount to $20,000. Assume that the allowance for doubtful accounts for Fresh Food has a debit balance of $1,100 before adjustment on December 31, 2019. Fresh Food Company classifies each of the customers into different age groups as of December 31, 2019. The age groups are: (1) not yet due, (2) 1-30 days past due, (3) 31-60 days past due, (4) 61-90 days past due, (5) over 90 days past due. Assume that each month includes 30 days. The following table demonstrates the amount of outstanding receivables from each of the customers at December 31, 2019, as well as, the due date for each receivable: Customer Due Date Balance August 1, $3,500 October C 2019 D 17, 2019 E 28, 2019 F $600 November $400 November November $2,000 December $2,500 F 30, 2019 G 11, 2019 H 2020 Total $20,000 April 6, $11,000 Assume that Fresh Food Company has a past history of uncollectible accounts by age category, as follows: Probability of 4% Age group becoming uncollectible Not due yet 1-30 days past due 5% 31-60 days past due 10% 61-90 days past due % Over 90 days past due 45% 20 After the receivables from customers are classified into age groups and aging schedule is completed, what is the total amount estimated uncollectible accounts? *

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