Required information [The foffowing information applies to the questions displayed below.) At December 31, Hawke Company reports the following results for its calendar year. Cash sales credit sales $1,493,500 53.892.000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,199,276 debit 22,660 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts In part 1a. Current assets: S Required information [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 $1,493,500 $3,892,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,179,276 debit $ 22,660 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 2% of credit sales. b. Bad debts are estimated to be 1% of total sales. c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.)