Required information [The following information applies to the questions displayed below.) At December 31, 2018, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,221,660 3,165,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $958,995 debit 20,040 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that an aging analysis estimates that 5% of year-end accounts receivable are uncollectible Answer is complete but not entirely correct. Current assets: Accounts receivable Less: Allowance for doubtful accounts $ 958,995 931,085 $ 27,910