On December 31, 2023, Corotel Compary's year-end, the unadjusted tral balance Included the following tteme: Required: 1. Prepare the adjusting entry needed in Corotel's books to recognize bad debts under each of the following independent. assumptions. a. Bad debts are estimated to be 2% of credit sales. b. An analysts suggests that 5% of outstanding accounts recelvable on December 31, 2023. will become uncollectible. Journal entry worksheet 2. Show how Accounts Recelvable and the Allowance for Doubtful Accounts would appear on the December 31,2023 balance sheet given the facts in requirement 1(a). 3. Show how Accounts Recelvable and the Allowance for Doubtful Accounts would appear on the December 31, 2023 balance sheet given the facts in requirement 1(b)