please solve this now 23

Question 2. "ABC" Company tuses the accounts receivable aging method to entimate uncolleotsble nocounts. At the beginning of the yesr, the balance of the Accounts Recelvable account war a deblt of 488,430 . and the balance of Allowance for Uncollectible Accounts was a credit of $7,200. During the year, the store had sales on sccount of $473,000, sales returns and allowances of $4,200, worthless accounts written off of $7,900, and collectiona from customers of $450,730. At the ead of year (December 31), a junior accountant for "ABC" Company was preparing an aging analysis of aceaunts receivable, but unfortunately be was not able to fininh it. From past experiecice, the company has found that the following rates are realistic for estimating the amount of accoants that will be collected: Instructions: Based on the abowegiven information, answer the following questions: (1) [113 Points] What is the adjuating entry that must be recorded at the end of the year? (2) [11/2 Points] What is the balance for the allowance for doubtful accounts that must be presented on the statement of financial position? (3) [2 Points] What is the balance for the bad debt expense that must be presented on the company's income statement