At December 31, Hawke Company reports the following results for its calendar year, Cash sales $640,000 Credit sales $ 1,600,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $480,000 debit $5,800 debit 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets