4. Jackson Co. currently has an Allowance for Doubtful Accounts (contra account to accounts receivable) credit balance of $22,000. The year-end Accounts Receivable balance (gross) is $425,000. Jackson Co. estimates that they should have 3.5% of total year sales in their Allowance for Doubtful Accounts at year-end. Note: Total year sales were $1.3 million. a. Prepare the necessary entry to adjust the Allowance for Doubtful Accounts to the correct balance. b. What is the correct balance for Jackson Co. year-end Accounts Receivable (net). Note: Write out ALL related journal entries and/or supporting calculations based on the information provided