3 Required information [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales $1,282,850 Credit sales $3,665,000 d In addition, its unadjusted trial balance includes the following items. Accounts receivable $1,110,495 debit Allowance for doubtful accounts $ 29,660 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1a. Current assets: $ 0 Journal entry worksheet 1 2 3 Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit a Bad debts expense 109,950 Allowance for doubtful accounts 109.950