At December 31 of the current year, Spring Green Company's acounts reflect the following balances. Allowance for Accts Receivable Doubtful Accounts Sales 120,000 2,000 700,000 Using the aging method, the balance of Allowance for Doubtful Accounts is estimated at $9,000. Requirements: 1) Prepare the adjusting journal entry, on December 31, to record the estimated amount of uncollectible accounts. 2) Determine the adjusted balances of the following accounts: Accounts Receivable Allowance for Doubtful Accounts Bad Debts Expense 3) Determine the net realizable value of accounts receivable at December 31.