Exercise 5 Hands-on Exercise: 1. See the following link to download HP's 2017 10K report: http_:l/dl8m0p_25nwr6d.cloudfront.net/CIK-OOOOO47217/36e8201b-f64f-474d-81a7- message 2. Locate HP '5 balance sheet, income statement, and allowance for doubtful accounts disclosure (top of page 93 of the 10K, or page 95 of the entire PDF file) and answer the following questions: a. Write down the bad debt expense journal entry HP recorded in 2017. b. Write down the accounts receivable write-off journal entry HP recorded in 2017. c. During 5, was the bad debt expense higher or lower than the write-offs? What does it mean? d. Assume that during 2017 all of HP's total net revenues were on credit. Find HP's cash collections during 2017 using the netA/R formula. e. Assume that during 2017 all of HP's total net revenues were on credit. Find HP's cash collections during 2017 using the gross A/R formula. Is your result similar to the result you got in (d)