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 $1,352,200 $3,354,000 In addition, its unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $1,016,262 debit $ 10,620 debit Required: 1. Prepare the adjusting entry to record bad debts under each swparate assumption a. Bad debts are estimated to be 3% of credit sales, b. Bad debts are estimated to be 2% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.)