During its first year of aperations, World Cass Sport Shce Inc. had sales of $1,020,000, al on account. Industry experiance suggusts that World Class Sport Shce's bad debt axpense will be $19,380. At December 31, 2016, World Class Sport Shoos accounts receivable sotal $70,000. The compary uses ne alowance method to account for uncolectbles irementshcoud 1. Make world Clas% Scort Snoo's journa entry for bad debe expense 2. Show how World Class Sport Shoe could report accounts receivable on its balance sheet at December 31,2016, by daclosing the a lawance for uncol lecible accounts. 1. Make Worid Class Sport Snoe's journal entry for bed debt e expense. Record debits first, then credits. Explanations are not required.) Journal Entry Debit Credit 2. Show how Vorld Class Sport Shoe could repot accourts receivabl on its balance sheet at December 31, 2018, by dscioaing the alowance for uncollecable accounts. (Uso parenthesos or a minus sign to Indicato numbors to be subtracted.) Balance Shoot