Near the end of the year 2021 You have been assigned a Financial Consultant Position for PETRA Company. Your first Task was to evaluate the Net Realizable cash value of PETRA Accounts Receivable. PETRA Company used to assign a 5% of its Credit Sales as Bad debt expense. Find Allowance for Doubtful Accounts & Bad Debt Expense using all applicable accounting methods, Combined with the Adjusting Entries for 2021. [8Marks] Final recommendation for the best method to apply with brief justification is expected via Official Report. [4Marks] Good LUCK with your New Position Description Accounts Receivable Balance31/12/2020 $ 275000 Allowance for Doubtful Accounts Balance 31/12/2020(Credit) 4800 Credit Sales During 2021 Collection During 2021 Written off Accounts 345000 135000 10000