On February 28, Hilly Mountain Ski Equipment had a $37,000 debit balance in Accounts Receivable. During March, the company had sales of $71,700, which included $66,000 in credit sales. March collections were $55,000, and write-offs of uncollectible receivables totalled $1,600. Other data include: a. February 28 credit balance in Allowance for Doubtful Account was $1,850. b. Bad debt expense was estimated as 3 percent of credit sales. Required 1. Prepare journal entries to record sales, collections, write-offs of uncollectibles during March, and bad debt expense by the allowance method (using the percent-of-sales method). 2. Prepare T-accounts to show the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Compute net Accounts Receivable at March 31. How much does Hilly Mountain expect to collect