6 Interpreting Bad Debt Disclosures SAP is a global company headquartered in Germany. SAP is a market leader in enterprise application software and also a leading experience management, analytics, and business intelligence company. In a recent annual report, it disclosed the following information concerning its allowance for doubtful accounts (euros in millions denoted as ): Source: SAP Financial Statements Required: 1. Record summary journal entries related to the allowance for doubtful accounts for the current year. 2. If SAP had written off an additional 10 million of accounts receivable during the period, how would receivables, net and net income have been affected? Explain why