At December 31, 2017, Hawke Company reports the following results for its calendar year. In addition, its unadjusted trial balance includes the following items. Required: Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. Bad debts are estimated to be 2% of credit sales. Bad debts are estimated to be 1% of total sales. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31, 2017)