At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,414, 460 $3,268,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $990, 204 debit $ 14,050 debit 'equired: . Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. djusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a. 42,434 Bad debts expense Allowance for doubtful accounts 42,434 2 b. Bad debts expense 93,649 Allowance for doubtful accounts 93,649 3 C. 73,462 Bad debts expense Allowance for doubtful accounts 73,462 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1a. Current assets: Accounts receivable $ 990,204 (28,384) $ Less: Allowance for doubtful accounts 961,820 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round intermediate calculations.) Current assets: $ 990,204 Accounts receivable Less: Allowance for doubtful accounts 59,412 $ 930,792