At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 760,000 Credit sales $ 1,900,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $ 570,000 debit Allowance for doubtful accounts $ 6,800 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. 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 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31).