On January 1, Hungryman Inc. has the following balances for accounts receivable and allowance for doubtul accounts: Accounts Receivable $261,000 Allowance for Doubtful Accounts (a credit balance) 44,370 During the year, Hungryman had $1,080,000 of credit sales, collected $756,000 of accounts receivable, and wrote off $40,800 of accounts receivable as uncollectible. At year end, Hungryman performs an aging of its accounts receivable balance and estimates that $54,100 will be uncollectible. Required: 1. Calculate Huneryman's preadjustment balance in accounts recelvable on December 31. 2. Calculate Hungryman's preadjustment balance in allowance for doubtfut accounts on December 31 . Fesaloack roleca My won 1. and 2. Using T-accounts, start with the balance at the beginning of the year and make the necessary debits and/or credits for the transactions that occurred during the year: 3. Prepare the necessary adjusting entry for the year, if an amount box does not require an entry, leave it blanik. Theck My Work 1. and 2. Using T-accounts, start with the balance at the beginning of the year and make the necessary debits and/or credits for the transactions that occurred during the year. 3. Prepare the necessary adjusting entry for the year. If an amount box does not require an entry, leave it blank: x x Feedtuack TCheck My Won 3. The aging method attempts to estimate the ending balance in the Allowance for Doubtful Accounts