At December 31, Hawke Company reports the following results for its colendar year. CabhnalesCreditsales$260,000700,000 In addition, its unadjusted trial balance includes the following items. Problems 7-2A (Algo) Part 1 Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 4% of credit sales. b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 4% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31)