3a. Net sales for the month are $800,000, and bad debts are expected to be 1.5% of net sales. The company uses the percentage-of-sales basis. If Allowance for Doubtful Accounts has a debit balance of $4,000 before adjustment, what is the balance after adjustment? 3b. As of December 31, 2018, Candyland Company has assets of $3,500 and owner's equity of $2,000. What are the liabilities for Candyland Company as of December 31, 2018