please help fill in the blanks (2 part problem)

Required information The following information applies to the questions displayed below] The following data were selected from the records of Sykes Company for the year ended December 31, current year. Balances January 1, current year Accounts receivable (various customers Allowance for doubtful accounts $ 120,000 8,000 In the following order, except for cash sales, the company told merchandise and made collections on credit terms 5/0, n/30 (assume a unit sales price of $900 in all transactions). Transactions during current year a. Sold merchandise for cash $244.000 b. Sold merchandise to R. Smith: Invoice price. $8,000. c. Sold merchandise to K. Miller: Invoice price $35.000. d. Two days after purchase date, R. Smith retumed one of the units purchased in and received account credit e. Sold merchandise to B. Sears: Invoice price, $26.000. f. R. Smith paid his account in full within the discount period g. Collected $94.000 cash from customer sales on credit in prior year, all within the discount periods h. K. Miller paid the invoice in within the discount period 1. Sold merchandise to R. Roy, Invoice price $26,500 Three days after paying the account in full, K. Miller returned seven defective unts and received a cash refund k. After the discount period, collected $5,000 cash on an account recevable on oles in a prior year Wrote off a prior year account of $3.000 after deciding that the amount would never be collected m. The estimated bad debt rate used by the company was to percent of credit cales net of returns Required: 1. Using the following categories Indicate the effect of each sted transaction, including the we off of the uncolectible account and the adjusting entry for estimated bad debts (ignore cost of goods sold. The first transaction is used as an example Round your answers to the nearest whole dollar amount. Any decrease in account balances should be indicated by a musan) Sales Discounts takend Sales Returns and Allowances Bad Debit Expense Transaction 0 O b 0 500 d Revenue $ 244.000 8.000 35.000 0 20.000 or ol 20.500 of 0 0 h 0 0 o os o 500 5 D m Total 3330.0005 2. Show how the accounts related to the preceding sale and collection activities should be reported on the current year income statement (Round your answers to the nearest whole dollar amount.) SYKES COMPANY Income Statement (partial For the Year Ended December 31 Current Year Sales revenue $ 339.500 Less Sales discounts Less: Sales returns and allowances Net sales revenue Selling general, and administrative expenses Bad debt expense