3 Walker, Inc is in the process of evaluating its Allowance for Doubtful Accounts at December 31, 2019. The following information is available: Year Ended December 31, 2019: Cash Sales Credit Sales Total Sales S 500,000 2,500,000 $ 3,000,000 December 31, 2019 Accounts Receivable Total 345,000 AGING OF ACCOUNTS RECEIVABLE 0 1-30 30-60 60-90 175,000 85,000 45,000 25,000 1% 3% 5% 10% Over 90 15,000 75% Requirement (20 POINTS) Record the December 31, 2019 year-end adjusting entries for the allowance for doubtful accounts under the following independent scenarios (show all work when making calculations): (A) 1% of credit sales; the December 31, 2019 balance in the allowance account is a $1.000 credit (B) 5% of total receivables; the December 31, 2019 balance in the allowance account is a $2.000 credit (C) As % of aged receivables (denoted above); the December 31, 2019 balance in the allowance account is a $1.500 debit