A list of the accounts of Lumberjack Inc. is given below, followed by some financial information about the company. Use these account codes when creating the journal entries requested below. For example, if the instructions requested an entry for a cash sale of $1,000, your entry would require the following: A 1,000 1 1,000 Code Account Account Code I. A. Cash Sales Revenue B. J. Sales Discounts C. K. Sales Returns and Allowances Inventory Accounts receivable Allowance for Doubtful Accounts Accumulated depreciation D. L. Credit Card Discounts E. M. Loss on Sales F. Cost of Goods Sold N. Selling General and Administrative Expenses G. o. Pretax Income Depreciation Expense Bad Debt Expense H. P. Net Income Below is information from Lumberjack Inc.'s financial records from 2019: Allowance for Doubtful Accounts, Jan 1st: 25,050 Account Receivable removed from books due to non-payment during the year: 23,400 Credit Sales 1,500,000 Accounts Receivable as of Dec 31st: Estimated % uncollectible 3% Not due yet Over 90 days past due Total 300,000 200,000 25% 500,000 How would Lumberjack record (1) the removal of an account receivable due to non-payment and (2) the adjusting entry necessary at the end of the year to account for the amount of this year's credit sales that the company expects will not be paid off by customers? Lumberjack uses the aging of accounts receivable method. (1) (2) Adjusting Entry: If next year's write-offs turned out to be $23,500, would you recommend that Luberjack decrease, increase, or not change it's 2020 estimate (relative to its 2019 estimate) for the year's credit sales that will not be paid off by customers