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 $ 50,000 Credit sales $ 125,000 In addition, its unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $ 112,500 debit $900 debit 2. Bad debts are estimated to be 4% of credit sales. Show how Accounts Recewable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet Current assets TAccounts receivable Les Allowance for doubtful accounts $ 0 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 $ 125,000 In addition, its unadjusted trial balance includes the following items Accounts receivable $ 112,500 debit Allowance for doubtful accounts $ 50,000 $ 900 debit 3. An aging analysis estimates that 4% of year end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet Curront assets Accounts receivable Loss Allowance for doubtful accounts 0