At December 31, 2011, Ethan Company reports the following results for its calendar year. Cash sales.... $1,803,750 Credit sales....$3,534,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable..... $1,070,100 debit Allowance for doubtful accounts.... $15,750 debit 1. Prepare the following entry for this company to recognize bad debts under each of the following independent assumptions. a) Bad debts are estimated to be 2% of credit sales. b) An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2011, balance sheet given the facts in part 1a. 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2011, balance sheet given the facts in part 1b