Calculate & Journalize (15 pts) At the end of the current year, the accounts receivable account in the AND$ (Alexandra, Natalie, Dylan) Corporation has a debit balance of $6,125,000 and net sales for the year total $66,800,000. Determine the amount of the adjusting entry, using the Allowance Method to provide for doubtful accounts under each of the following assumptions and write the journal entry to record the adjustment: a. The allowance account before the adjustment has a debit balance of $18,000. Bad debt expense is estimated at 3/4 of 1% of net sales b. The allowance account before adjustment has a debit balance of $18,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $475,000