! Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,847,540 $3,061,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $927,483 debit $ 16,140 debit Problem 7-2A Part 3 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round intermediate calculations.) Current assets: $ 927,483 Accounts receivable Less: Allowance for doubtful accounts $ 927,483