Dec (25 martes) The account balances of Crane Company December 31, 2021 the Year show Accounts Receivable $219,600. Allowance for Doubtful Account $2.700 (red). Sales $1.731.400: Sales Returns and Allowances $60,000, and Sales Discounts $24.400 I Instructions: 1. Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be @ 10% of accounts receivable, and (m) 1.5% of net sales. 2. Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in part (1) above. 3. Assume instead that the Allowance for Doubtful Accounts had a debit balance of $3200 at December 31, 2021. What is bad debt expense for 2021, and what is the carrying amount of the accounts receivable at December 31, 2021, assuming bad debts are estimated to be a 10% of accounts receivable, and (ii) 1.5% of net sales? swer for Q3 below (only work performed in table below will be marked): Page Break