During the year ended December 31, 2021, Kelly's Camera Shop had sales revenue of $155,000, of which $77,500 was on credit. At the start of 2021, Accounts Recelvable showed a $11,000 debit balance and the Allowance for Doubtful Accounts showed a $570 credit baiance. Collections of accounts recelvable during 2021 amounted to $65,000. Data during 2021 follow: a. On December 10 , a customer balance of $1,350 from a prior year was determined to be uncollectble, 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 Recelvable would be reported on the balance sheet 3. On the basis of the data available, does the 2 percent rate appear to be reasonable? Compiete this question by entering your answers in the tabs below. Give the required joumal entries for the two events in December. (if no entry is required for a transacion/event, select "No loumal Entry Required in the fint account field.) Journal entry worksheet Alecord the wnits of of a certain customer account from a prior year which is nat collectible tocaling 51,350