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$[$The following information applies to the questions displayed below.$]$

At December $31,$ Hawke Company reports the following results for its calendar year.

Cash sales $ $220,000$

Credit sales $ $550,000$

In addition, its unadjusted trial balance includes the following items.

Accounts receivable $ $495,000$ debit

Allowance for doubtful accounts $ $4,000$ debit

$2.$ Bad debts are estimated to be $4\%$ of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December $31$ balance sheet.