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 $ 400,000 Credit sales $ 1,000,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $ 300,000 debit Allowance for doubtful accounts $ 3.600 debit 3. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Answer is complete but not entirely correct. Current assets: Accounts receivable Less: Allowance for doubtful accounts $ 300,000 16,400 $ 283,600