-RA.. During the year 2017, the company had sales of $3,720,000, of which $38,000 were cash sales The Allowance for Doubtful Accounts had an unadjusted debit balance on December 31, 2017, of $3,050 Required Prepare the adjusting entry to estimate uncollectible accounts on December 31, 2017, under each of the following independent assumptions, and show the resulting balance sheet presentation for accounts receivable: a. Bad debts are estimated to be 0.6% of credit sales b. Bad debts are estimated to be 4% of outstanding accounts receivable. C. Bad debts are based on an aging analysis (part of the required information is provided in the schedule above)