Required information [The following information applies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar y Cash sales Credit sales $160,000 $400,000 In addition, its unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $ 120,000 debit $ 1,400 debit year. 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet Current assets