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 $1,465, 350 $3,259,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $987,477 debit $25,520 debit Required: . Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 4% of credit sales. b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. djusting entries (all dated December 31). (Do not round intermediate calculations.) 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 $1,465,350 $3,259,000 Accounts receivable Allowance for doubtful accounts $987,477 debit $25,520 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part la. Current assets: 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 $1,465, 350 $3,259,000 In addition, its unadjusted trial balance includes the following items. $987,477 debit Accounts receivable Allowance for doubtful accounts 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