During 2014, Robby's Camera Shop had sales revenue of $162,000, of which $69,000 was on credit. At the start of 2014, Accounts Receivable showed a $26,000 debit balance, and the Allowance for Doubtful Accounts showed a $1,300 credit balance. Collections of accounts receivable during 2014 amounted to $60,000. Data during 2014 follows: a. On December 31, 2014, an Account Receivable (J. Doe) of $1,300 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, 2014, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 2.0 percent of credit sales for the year. Required: 1. Prepare the required journal entries for the two items on December 31, 2014 (end of the accounting period). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X > 1 On December 31, 2014, an Account Receivable (J. Doe) of $1300 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt. ade to 12 2 On December 31, 2014, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 2 percent of credit sales for the year. Credit 2.Show how the amounts related to Accounts receivable and Bad debt expense would be reported on the income statement and balance sheet for 2014. Disregard income tax considerations. (Amounts to be deducted should be indicated by a minus sign.) ROBBY'S CAMERA SHOP Partial Income Statement Year 2014 Operating expenses: $ 0 ROBBY'S CAMERA SHOP Partial Balance Sheet Year 2014 Current assets: Accounts receivable, net of allowance for doubtful accounts $ 0