2. (a) Use the following information to determine the adjustment to the Allowance for Doubtful Accounts and amount recorded to Bad Debt Expense assuming the company uses the percentage of accounts receivable to determine bad debt. Accounts receivable $350,000 Allowance for doubtful accounts before adjustment % expected uncollectible 3% (.03) Net credit sales $2,500,000 Assets Liabilities Equity (b) What is the ending balance of Allowance for Doubtful Accounts after the above transaction is recorded? (c) What is the Net Realizable Value of Accounts Receivable after the above transaction is recorded