Callaway Golf Company sells on account to golf pro shops and general sporting goods retailers. In its financial statements for the year ended December 31, 2015, Callaway reported the following balances and changes in the Allowance for Doubtful Accounts (in thousands):

Celleway Golf Company sells on account to golf pro shops and general sporting goods retailers. In its financial statements for the year ended December 31, 2015, Callaway reported the following balances and changes in the Allowance for Doubtful Accounts in $4, 800 5660 $1, 240 84, 220 Required: 1a. Create a T-account for the Allowance for Doubtful Accounts and enter into it the amounts from the above schedule. TIP: The allowance increases when estimates are charged to Bad Debt Expense and when recoveries are reported. The allowance decreases when accounts are written off 1-b. Write the T-account in equation format to prove that the above Items account for the changes in the account 2. Record summary jounal entries related to (a) estimating bad debt expense and (b) write-offs of specific balances during the year 3-a. If Callaway had written or an addional $240 (thousand) of accounts receivable during the period, by how much would Net aa rcaiseway had wt 2 thousang of counts receae during the period,how much would Nert ncome during the period, how much would Net income have decreased? (amounts are in thousands) Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2Req 3A Req 38 ate a T-account for the Allowance for Doubtful Accounts and enter into it the amounts from the above scheduleTIP: The allowance increases when estimates are charged to Bad Debt Expense and when recoveries are reported. The allowance decreases when accounts are written off. (Enter your answers in thousands. The balance at the beginning of the year in the Allowance for Doubtful Accounts is a credit balance.) Show less Beg Bal. End. Bal Req 18