During Burns Company's first year of operations, credit sales totaled $174,000 and collections on credit sales totaled $122,000. Burns estimates that bad debt losses will be 10% of credit sales By year-end, Burns had written off $470 of specific accounts as uncollectible. Required: 1. Prepare al appropriate journal entries relative to uncollectible accounts and bad debt expense. 2. Show the year-end balance sheet presentation for accounts receivable Complete this question by entering your answers in the tabs below. Required 1 Required 2 Show the year end balance sheet presentation for accounts receivable. Partial Balance Sheet