During its first yeat of operations, World Class Sport Shoes earned net cradit sales of $339,000 Industry experience suggests that bad debts wif amount io 2% of not ondit sales. At December 31,20 . Requirements 1. Journalize World Class' Bad Debts Expense using the percent-of-sales method. 2. Show how to report accounts receivable on the balance sheet at December 31, 2024