At December 31, 2018, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,369,698 2,842,88e In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $861,126 debit 18,468 debit Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. a. b. c. Bad debts are estimated to be 3% of credit sales. (Round your final answers to the nearest whole dollar.) Bad debts are estimated to be 2% of total sales. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible Round your nnel answers to the nearest whole dollar.)