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Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below] At December 31, Hawke Company reports the following resuits for its calendar year. In addition, its unadjusted trial balance includes the following items. Accounts neceivable Allowance for doubtiful accounts $440,000debit$6,500debit Problem 7-2A (Algo) Part 2 Bad debts are estimated to be 3\% of credit sales. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet