Swathmore Clothing Corporation grants its customers 30 days credit. The company uses the allowance method for its uncollectible accounts receivable. During the year, a monthly bad debt accrual is made by multiplying 2% times the amount of credit sales for the month. At the fiscal year-end of December 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. At the end of 2020, accounts receivable were $596,000 and the allowance account had a credit balance of $60,000. Accounts recelvable activity for 2021 was as follows: Beginning balance Credit sales Collections Write-offs Ending balance $ 596,eee 2,730, eee (2,593, 000) (50, 800) $ 683,eee The company's controller prepared the following aging summary of year-end accounts receivable: Age Group 9-60 days 61-90 days 91-120 days Over 120 days Total Amount $425,000 91,800 60,000 107,888 $683,880 Summary Percent Uncollectible 5% 14 30 41 Required: 1. Prepare a summary Journal entry to record the monthly bad debt accrual and the write-offs during the year. 2. Prepare the necessary year-end adjusting entry for bad debt expense. 3-a. What is total bad debt expense for 2021? 3-b. How would accounts receivable appear in the 2021 balance sheet