Physicians' Hospital has the following balances on December 31st before any adjustments: Accounts Receivable $60000, Allowance for Bad Debts 1100 credit, Net Sales Revenue 750000. Part A: Assuming Physicians estimates uncollectible accounts at 15% of accounts receivable, answer the following: 1. Record the adjustment for uncollectible accounts on December 31st 2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet. 3. Calculate net account receivable Part B: Assuming Physicians estimates bad debt expense to be 1% of net sales, answer the following: 1. Record the adjustment for uncollectible accounts on December 31st 2. Determine the amount at which bad debt expense is reported in the income statement and the allowance for uncollectible accounts is reported in the balance sheet. 3. Calculate net account receivable