ne tonowing inrormation appiues to me quesions aispiayea Dewow At December 31, 2016, Hawke Company reports the following results for its calendar year Cash sales Credit sales s 1,975720 3691,000 In addition, its unadjusted tial balance includes the following items Accounts receivable Allowance for doubtful accounts S 1118,373 debit 21.210 debit value 33.33 points Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions Bad debts are estimated to be 2% of credit sales. b. Bad debts are estimated to be 1% of total sales. c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31, 2016).(Round your final answers to the nearest whole dollar.)