Required Information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applles to the questlons displayed below.] At December 31, Hawke Company reports the following results for Its calendar year. In addition, Its unadjusted trlal balance Includes the following Items. Problem 7-2A (Algo) Part 3 3. An aging analysis estimates that 5% of year-end accounts recelvable are uncollectible. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on Its December 31 balance sheet. Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applles to the questlons displayed below.] At December 31, Hawke Company reports the following results for Its calendar year. In addition, Its unadjusted trlal balance Includes the following Items. Problem 7-2A (Algo) Part 2 2. Bad debts are estimated to be 3% of credit sales. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on Its December 31 balance sheet