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3. Company Atem makes most of its sales on account. In their most recent fiscal year, the company recorded sales of $5,230,000; during the year, they wrote off customer accounts in the amount of \$147,000 as uncollectible. At the beginning of the year, the balance in Allowance for Doubtfil Accounts was a credit of $90,000. At year-end, the balance in Accounts Receivable was $860,000. Required. Use tab " P3 in the spreadsheet: a. Assume that Atem uses the percentage of sales method to estimate bad debts and that their experience indicates that 2.8% of sales will tum out to be uncollectible. Prepare the adjusting entry to record bad debts. b. As a separate case, assume that T uses the percentage of receivables method and that they estimate 3.2% of outstanding receivables will become uncollectible. Prepare the adjusting entry in this case