Princess Manufacturing Inc. (PMI) offers 30 days credit to its customers who purchase items on account. Uncollectible amounts are estimated by accruing a monthly charge to bad debt expense equal to 2% of credit sales. At the end of the company's fiscal year, the allowance for doubtful accounts is adjusted based upon an aging of A//R. PMI began its fiscal year with the following balances in its accounts: A/R $305,0000 AFDA ($25,500) During the fiscal year, credit sales were $1,300,000, cash collections from customers were $1,260,000 and actual write offs of accounts totalled $25,000. At the end of the fiscal year, an aging of the A/R indicated that the required AFDA should be $30,000. a) Determine the balances in the A/R and AFDA accounts at the end of the fiscal year. B) determine the bad debt expenses for the fiscal year. C) prepare all required journal entries related to these accounts for fiscal year