Please see the picture below:

PROBLEM NO. 2 Your audit client, Help Dcrpcratlon, provided for unccllectible accounts receivable under the allowance method since the start of its operations to December 31, 2005. Provisions were made monthly at 2 percent of credit sales; bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account; and no year-end adjustments to the allowance account were made. Help's usual credit terms are net 30 days. The credit balance in the allowance for doubtful accounts was P260000 at January 1, 2005. During 2005, credit sales totaled P13,000.000, interim provisions for doubtful accounts were made at 2 percent of credit sales, P150000 of bad debts were written off, and recoveries of accounts previously written off amounted to P30,000. Help installed a computer system in November 2005 and an aging of accounts receivable was prepared for the rst time as of December 31, 2005. A summary of the aging is as follows: Balance in Estimated 5% gglassications by Month of Sale Each ategom ncollectible November-December 2005 P2,2B0,000 2% July-Dctober 2005 1,200,000 15% January-June 2005 000.000 25% Prior to January 1, 2005 260,000 30% Based on the review of ccllectibilil'y of the account balances in the I'prior to January 1, 2005" aging category, additional receivables totaling P120,000 were written off as of December 31, 2005. Effective with the year ended December 31, 2005. Help adopted a new accounting method for estimating the allowance for doubtful accounts at the amount indicated by the year-end aging analysis of accounts receivable. 1. How much is the adjusted balance of the allowance for doubtful accounts as of December 31. 2005? 2. How much is the doubtful accounts for the year 2005'? 3. The recorded allowance for doubtful accounts should be increased by