CP 7-5 Impulse Inc. had the following unadjusted account balances at December 31, 2019, its year-end. Account Balances Debit Credit Accounts Receivable $125,000 Allowance for Doubtful Accounts $ 3,000 Sales 750,000 Impulse estimates its uncollectible accounts as five per cent of its December 31 accounts receivable balance, Required: 1. Calculate the amount of estimated uncollectible accounts that will appear on Impulse's balance sheet at December 31, 2019. 2. Calculate the amount of bad debt expense that will appear on Impulse's income statement at December 31, 2019, 3. Prepare a partial balance sheet at December 31, 2019 showing accounts receivable, allowance for doubtful accounts, and the net accounts receivable. CHUTER SEVEN/Cash and Receivables First US Edition