Please make entries to record the write off of accounts receivable the recovery of accounts receivable and bad debt expense using 1) the income statement approach and 2) balance sheet appoach. The following information is available: Beginning accounts receivable Beginning allowance for doubtful accounts credit sales during the year cash collections of credit sales write offs of uncollectible accounts recovery of accounts previously written off 350,000.00 3,900.00 1,590,000.00 1,565,000.00 2,700.00 1,000.00 Assume that the income statement approach and an estimate of 1% of credit sales is used. Assume the balance sheet approach and an estimate of 4% of accounts receivable will not be collected