1. The Allowance for Doubtful Account has a $6,800 debit balance prior to adjustment (unadjusted balance). Net credit sales during the year are $6,500,000 and 34 of 4% are estimated to be uncollectible. Accounts Receivable has a balance of $2,500,000 at the ending of the year. Determine the net realizable value of the receivables at year end (2 pts). Show the allowance account with the unadjusted balance, adjusting entry and adjusted balance (3 pts).