31) At December 31, 2016, a company's records include the following: Net Sales (all on credit) Accounts Receivable at December 31 Write-offs of Accounts Receivable during the year Credit balance in Allowance for Doubtful Accounts at January 1, $750,000 225,000 7,100 8,500 2016 Required: Part a. The company estimates bad debts as 1.3% of credit sales. Prepare the required adjusting entry to record Bad Debt Expense for the year. Assume instead that the company uses the aging of receivables method. Part b. Its aging analysis reveals that the estimate of uncollectible receivables is S11,250. Prepare the required adjusting entry to record Bad Debt Expense for the year. Part c. Assume instead that the company estimates that its Bad Debt Expense for the year is S8,250. Use a T-account to determine the adjusted balance in the Allowance for Doubtful Accounts