Required information [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. CashsalesCreditsales$646,000$1,600,060 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $480,060 debit $5,860 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 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). In addition, its unadjusted trial balance includes the following items. 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. In addition, its unadjusted trial balance includes the following items. 3. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet