2. Winter Company's balance sheet at December 31, 2019, reported the following: Accounts Receivable Less: Allowance for bad debts $60,000 2,000 The business has the following transactions related to credit sales and accounts receivables in 2020. Total credit sales for 2020 were $80,000. The business received cash payments on account of $74,300 during 2020. Accounts receivable identified to be uncollectible totaled $2,700. Requirements (8%): a) 3% of credit sales, that is $2,400, were estimated to be uncollectible. Record the adjusting entry at December 31, 2020, to recognize bad debts expense. b) Then post to the Bad Debts Expense and Allowance for Doubtful Accounts T-accounts, and show their balances after posting. 3. Latte Inc. purchased a coffee drink machine on January 1, 2018, for $44,000. Expected useful life is 10 years or 100,000 drinks. In 2019, 3.000 drinks were sold, and in 2020, 14,000 drinks were sold Residual value is $4,000 Requirements (8%): Determine the depreciation expense for 2019 and 2020 using the following methods. a) Straight-line b) Units-of-production c) Double-declining-balance