Return to question Required information [The following information applies to the questions displayed below.] Part 2 of 3 At December 31, 2018, Hawke Company reports the following results for its calendar year. 0.75 points Cash sales Credit sales $1,831,200 3,869,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,172,307 debit 20,160 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that bad debts are estimated to be 3% of credit sales. Answer is complete but not entirely correct. Current assets: Accounts receivable Less: Allowance for doubtful accounts $ 1,160,700 20,160 $ 1,140,540