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 $1,986,550 2,810,000 Credit sales In addition, its unadjusted trial balance includes the following items. Accounts receivable $851,430 debit 27,930 debit Allowance for doubtful accounts Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. a. Bad debts are estimated to be 4% of credit sales. (Round your final answers to the nearest whole dollar.) b. Bad debts are estimated to be 3% of total sales. C. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. (Round your final answers to the nearest whole dollar.) Adjusting entries (all dated December 31, 2018)