Merck & Company reported the following in its financial statements. $ millions 2016 2017 2018 2019 Accounts receivable, net $8,773 | $8,591 $8,839 $8,473 Allowance for doubtful accounts 244 199 149 108 Adjust the balance sheet and income statement to reflect a 1.97874% of Allowance for doubtful accounts to Gross accounts receivables for each year. Assume a tax rate of 20%. Round answers to one decimal. Use a negative sign to indicate if the adjustment decreases an account balance. 2016 ki 2018 Xl Adjusted allowance for doubtful accts. | $ 1784 $ 173.9 | $ 177.8 | $ 169.8 Income Statement Adjustments Bad debts expense (65.6) (25.1) 28.8 61.8 Income tax expense at 20% ({351)) (5) 5.8 12.4 Net Income 525} 201 (2851); (49.4) Balance Sheet Adjustments Allowance for doubtful accounts (65.6) (90.6) (61.8) 0 Accounts receivable, net 65.6 90.6 61.8 0 Deferred tax liabilities {3t 18.1 12.4 0 Retained Earnings 52.5) 77255 49.4 0