Assume: Accounts Receivable is $575,000. The allowance for doubtful accounts is 6% of accounts receivable. Compute the allowance and the entry for the following scenarios balance from prev 500.00 balance from prev 1,000.00 (500.00) 1,000.00 Assume:Total sales are $1,050,000. Cash sales are $50,000. The allowance for doubtful accounts is 2.5% of credit sales. Compute the allowance and the entry for the following scenarios balance from prev 500.00 (500.00) balance from prev 1,000.00 1,000.00 Compute the total cost of equipment based upon the following cost borne by the buyer: List price of equipment:$100,000. Shipping & handling:$5,000. Training costs $12,000. Slab cost to reinforce concrete for equipment: $3,000. Cost to repair base broken during the unpacking: $2,500. 34500