Question 16 The account balances of Sunland Company at December 31, 2021, the end of the current year, show Accounts Receivable $158,400; Allowance for Doubtful Accounts $1,900 (credit); Sales $1,255,600; Sales Returns and Allowances $50,000; and Sales Discounts $17,600 (a) Your answer is correct Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatic Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in part (a) above. (1) Carrying amount $ (2) Carrying amount $