3.Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c.(Do not round intermediate calculations.)

Problem 7-2A Estimating and reporting bad debts LO P2, P3

[The following information applies to the questions displayed below.]

At December 31, Hawke Company reports the following results for its calendar year.

Cash sales$1,329,050Credit sales$2,980,000

In addition, its unadjusted trial balance includes the following items.

Accounts receivable$902,940debitAllowance for doubtful accounts$11,270debit