Ignore GST for this problem. As at 30 June 2018, the end of its financial year, Malkin Imports Ltd reported the following information on its Balance Sheet: Accounts receivable Less: Allowance for doubtful accounts $1,020,000 60,000* During the next financial year, the business had the following totals related to receivables: 1. Sales on account 2. Sales discounts+ 3. Sales returns and allowances $2,670,000 10,000v 30,000 4.* Collections of accounts receivable 2,300,000 65,000- 20,000 5. Write-offs of accounts receivable Cash recovery of previous write-offs 6. Required:v a) T accounts for Accounts Receivable and Allowance for Doubtful Accounts are provided below. Post the entries from the above six events to the two accounts, cross-referencing with the opposite account name. The collections posting has been done for you. b) Prepare the journal entry to record bad debt expense on 30 June 2019, assuming that the recoverable amount of accounts receivable on 30 June 2019 is estimated to be $1,250,000.* c) Use a residual analysis to justify the AJE you prepared in b) above. - Accounts Receivable Allowance for Doubtful Accountsp Bal. 1,020,000 2,300,000 Cashv * * 60,000 Bal.**