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At December 31, Hawke Company reports the following results for its calendar year.

Cash sales	$ 1,905,000
Credit sales	$ 5,682,000

In addition, its unadjusted trial balance includes the following items.

Accounts receivable	$ 1,270,100	debit
Allowance for doubtful accounts	$ 16,580	debit

2. Bad debts are estimated to be 1.5% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.