Diya's Company sells resuable masks with geometric patterns. One of Deya's most popular customers is Addison Rae. During the current year, Diya's Company had sales revenue of $170,000, of which $69,000 was on credit. At the start of the current year, Accounts Receivable showed a $24,000 debit balance and the Allowance for Doubtful Accounts showed a $1,000 credit balance. Collections of accounts receivable during the current year amounted to $58,000 Data during the current year follow 4 a. On December 31, an Account Receivable (Prof Mike's Gift Shop) of $1,500 from a prior year was determined to be uncollectible therefore, it was written off immediately as a bad debt b. On December 31, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 3.5 percent of credit sales for the year Required 1. Prepare the required journal entries for the two items on December 31 end of the accounting period 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year. Disregard income tax considerations Complete this question by entering your answers in the tabs below. Reg 28 Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the balance sheet for the current year Disregard income tax considerations. (Amounts to be deducted should be indicated by a minus sign) DO'S CERAMICS SHOP Partial Balance Shat As of December 31 Current asset Accounts receivable Alone fur doct Accounts receivable fofoffowance fo