Question 2 The following information is related to December 31, 2020 balances. 15 pts Accounts Receivable $1,300,000 Allowance for Doubtful Accounts 140,000 During 2021 sales on account were $590,000 and collections on account were $450,000. Also, during 2021 the company wrote off $22,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at 10% of Accounts Receivable. 1) Prepare the Journal Entries for the 2021 transactions. 2) Calculate Bad Debt Expense. Record the journal entry for bad debt expense. 3) Calculate the Net Realizable Value Edit Format Table 12pt NVIDIA G-SYNC Paragraph BIUAT PREDATOR