2. Accounts Receivable (10 points): Use the following facts to answer the questions below: On January 1, 2020, Bluth Co. had a $100,000 balance in the Accounts Receivable account and a $12,000 balance in the Allowance for Doubtful Accounts account . During 2020, Bluth provided $1,500,000 of services on account. The company collected $1,350,000 in cash from accounts receivable. a. What is the amount of bad debt expense that will be recorded on 12/31/2019 if Bluth Co. uses the percentage of receivables method at a rate of 10%? b. What is the net realizable value of accounts receivable on 12/31/2019 if the percentage of receivables method is used? c. What is the amount of bad debt expense that will be recorded on 12/31/2019 if Bluth Co. uses the percentage of sales method at a rate of 1%? d. What is the net realizable value of accounts receivable on 12/31/2019 if the percentage of sales method is used? e. On February 24, 2020, a Bluth Co. customer filed for bankruptcy. Record the entry for Bluth Co, to write off the account of $21,000