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, 2018, Hawke Company reports the following results for its calendar year. $1,992,680 3,180,000 Cash sales Credit sales In addition, its unadjusted trial balance includes the following items. $963,540 debit 23,550 debit Accounts receivable Allowance for doubtful accounts 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that bad debts are estimated to be 3% of credit sales. Current assets: $ 0