Required information [The following information apolies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar year: CashsalesCreditwales5.280,000&700,000 In addition, its unadjusted trial balance includes the following items. 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 6% of year-end accounts receivable are uncollectible. Adjusting entrjes (all dated December 31). Journal entry worksheet Bad debts are estimated to be 27% of credit sales. Note; Inter debits before crecits