At January 1, 2020, Hilly Mountain Flagpoles had Account Receivable of $31,000 and Allowance for Bad Debts had a credit balance of $4,000. During the year, Hilly Mountain Flagpoles recorded the following: a. Recorded sales of $172,100 of which $154,700 was on account and $17,400 was for cash. b. Collections on account for the year totaled $130,900. c. Write-offs of uncollectible receivables, $2,000. Journalize Hilly Mountain Flagpoles transactions that occurred during 2020. The company uses the allowance method. Post the transactions to the Accounts Receivable and Allowance for Bad Debes T accounts. d. Journalize Hilly Mountain Flagpoles ad,ustment to record bad debts expense assuming Hilly Mountain Flagpoles estimates bad debts as 3% of accounts recewable Post the adjustment to the appropriate Taccounts. Allowance for Show how Hilly Mountain Flagpoles will report net accounts recelvable on its December 31, 2020, Balance Sheet