Exam 3 Student.xlsxFHB, Inc. uses the aging of accounts receivable method for estimating bad debts. Based on the December 31st accounts receivable records, the amounts for each aging category are as follows:Little Co. Equine ResortAnimal Care Center TX stablesOther CustomersCurrent 5,0001-30 days Current 1-30 days 31-60 days Current 31-60 days 61-90 days Over 90 current 1-30 days 31-60 days 61-90 days Over 908,000 25,000 9,000 14,000 1,000 5,500 6,400 8,900 50,000 35,000 27,500 1,200 13,000Based on past history, the estimated percentages of uncollectible accounts receivable for each category is asCurrent 1% 1-30 Days 3% 31-60 Days 10% 61-90 Days 20% Over 90 50%Required: Prepare, in good form, an aging schedule for December 31st and a schedule of estimated uncollectable accounts receivable.