Required information [The following information applies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar year: In addition, its unadjusted trial balance includes the following items. 1. Prepare the adjusting entry to record bad debts under each separate assumption. Required: a. Bad debts are estimated to be 2% of credit sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollect ble. b. Bad debts are estimated to be 1% of total sales