During the year ended December 31, 2021, Kelly's Camera Shop had sales revenue of $130,000, of which $65,000 was on credit. At the start of 2021, Accounts Receivable showed a $10,000 debit balance and the Allowance for Douptful Accounts showed a $520 credit balance. Collections of accounts receivable during 2021 amounted to $60,000. Data during 2021 follow: a. On December 10 , a customer balance of $1,100 from a prior year was determined to be uncollectible, so it was written off, b. On December 31 , a decision was made to continue the accounting policy of basing estimated bad debt losses on 2 percent of credit sales for the year. Required: 1. Give the required journal entries for the two events in December. 2-a. Show how the amounts related to Bad Debt Expense would be reported on the income statement. 2-b. Show how the amounts related to Accounts Receivable would be reported on the balance sheet. 3. On the basis of the data available, does the 2 percent rate appear to be reasonable? Complete this question by entering your answers in the tabs below. Give the required journal entries for the two events in December. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet