PART II (38 points) The following data is extracted from Overdog Co.'s records for 2020 Total credit sales. 525,000 Total returns........... ..25,000 Total collections on account..... 450,000 Total accounts written off.... Uncollectible accounts are estimated at 2% of net sales -2,000 a) Prepare summary journal entries for 2017 in good form to record: sales, returns, collections, write-offs, and any estimate of credit losses needed using the allowancelestimation method. B) Show how Accounts Receivable and Allowance for Doubtful accounts should be presented in the 2020 Balance Sheet Accounts Receivable Allowance for Doubtful Accounts Balance Sheet