1.Arlington Cycle Company began operations on Jan 1, 2014. The company reported the following selected items in its 2015 financial report: 2015 2014 Gross Sales Accounts Receivable Actual bad debt write-offs $1,400,000 600,000 26,000 $1,500,000 650,000 10,000 Arlington estimated bad debts at 2% of gross sales. Analyze the activity in the Allowance for Doubtful Accounts T-account, and comment on whether the bad debt estimate has been sufficient to cover the write-offs