show calculations please

Part2: Alpha Watches Company's balance sheet at December 31st, 2017, reported the following: Accounts Receivable |$60,000 Less: Allowance for Bad Debts 2,000 Requirements: 1. How much of the receivables did Alpha Watches Company expect to collect? Stated differently, what was the net realizable value of these receivables? 2. Prepare journal entries for year 2018 for Alpha Watches Company and post to the Accounts Receivable and Allowance for Bad Debts T-accounts. a. Total credit sales for year 2018 were $80,000 (ignore cost of goods sold). b. Alpha Watches received cash payments on account during year 2018 of $74,300 c. Accounts Receivable identified to be uncollectible totaled $2,700 the adjusting entry to recognize bad debt expense using the following independent situations, and then post to Bad Debts Expense and allowance for Bad Debts T- accounts. a. 3% of credit sales were estimated to be uncollectible. b. An aging of receivables indicates that $2,200 of the receivables are estimated to be uncollectible