Presented below is information related to X Company for 2020: Account Amount in S Account receivable 85,000 AFDA (debit side) 300 400,000 50,000 Sales Sales returns and allowances Analysis shows that 70% of net sales are credit sales. The company uses the allowance method in accounting for uncollectible accounts. It estimates that 12% of Accounts Receivable will be uncollected Refer to the above: Net Credit Sales had a value of:* $262,500 $245,000 $350,000 None of the above Refer to the above: In the year-end adjusting entry Bad Debt Expense will be calculated as follows: * Accounts Receivable * 12% (Account Receivable * 12%) - 300 (Account Receivable * 12%) + 300 None of the above