I do not think im on the right track at all. ive spent an hour looking at this.

The account balances of Qullumber company at December 31, 2021, the end of the current year show Accounts Receivable $223,200: Allowance for Doubtful Accounts $2.700 (credit): Sales $1.748,800: Sales Returns and Allowances $50,000 and Sales Discounts $24.800. Record the adjusting entry at December 31, 2021. assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Debit Credit Date Account Titles and Explanation Ded Bad Debt Expense 31 200880 Allowance for Doubtful Accounts 2008B0 To record estimate of uncollectible accounts.) Dec. 31 Bad Debt Expense 1848890 Allowance for Doubtful Accounts 1648890 (To record estimate of uncollectible accounts.) Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in partla) above. (1) Carrying amount $ 220500 (2) Carrying amount S 2646190 Assume instead that the Allowance for Doubtful Accounts had a debit balance of $3,200 at December 31, 2021. What is bad debt expense for 2021, and what is the carrying amount of the accounts receivable at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1596 of net sales? (1) (2) $ $ Bad debts expense Carrying amount $ S