D Question 2 The following information is related to December 31, 2021 balances. 15 pts Accounts Receivable $1,500,000 Allowance for Doubtful Accounts 160,000 During 2022 sales on account were $490,000 and collections on account were $250,000. Also, during 2022 the company wrote off $22,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at 10% of Accounts Receivable. 1) Prepare the Journal Entries for the 2022 transactions. 2) Calculate Bad Debt Expense. Record the journal entry for bad debt expense. 3) Calculate the Net Realizable Value