Ming Inc.'s fiscal year end is November 30. On November 30, 2019, the accounts receivable account had a debit balance of $400,000 and the allowance for uncollectible accounts had a credit balance of $5,000. The following transactions occurred during the 2020 fiscal year: 1. Credit sales totalled $3,200,000. 2. A $1,500 accounts receivable previously written off was collected in full. 3. Accounts receivable of $3,000 were determined to be uncollectible and were written off. 4. The ending balance of accounts receivable is $595,000 in debit on November 30, 2020. Required: (Show me your calculations.) Q1: How much is the cash collections of accounts receivable (including the cash collection in 2 above) during the fiscal year 2020? Q2: Assuming on Nov 30, 2020, the company estimates that 5% of accounts receivable will ultimately prove uncollectible, how much is the bad debt expense? What is the Journal entry to record the bad debt expense