the 38200 is wrong and i need the three numbers for req 3 :)

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For situations (a)-(c) in requirement 2 above, what would be the net amount of accounts receivable reported in the 2021 balance sheet? Net account receivable reported a. b. C. 3. For situations (a)-(c) in requirement 2 above, what would be the net amount of accounts receivable reported in the 2021 balance sheet? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the year-end adjusting entry for bad debts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a. Bad debt expense 35,700 Allowance for uncollectible accounts 35,700 2 b. Bad debt expense 39,500 Allowance for uncollectible accounts 39,500 3 C. Bad debt expense 38,200 Allowance for uncollectible accountsRaintree lCosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 31, the company's scal year-end. The 2020 balance sheet disclosed the following: Current assets: Receivables. net of allowance for uncollectible accounts of $31,330 $462,003 During 2021. credit sales were $1,735,000, cash collections from customers $1,865,000, and $42,000 in accounts receivable were written off. In addition, $3,700 was collected from a customer whose acoount was written off in 2020. An aging of accounts receivable at December 31, 2021, reveals the following: Percentage of Year-End Percent Age Group Receivables in Group Uncollectihle 860 days 60% 3% 61-98 days 10 5 91-123 days 20 25 {Iver 120 days 10 45 Required: 1. Prepare summaryjournal entries to account for the 2021 write-offs and the collection of the receivable previously written off. 2. Prepare the year-end adjusting entry for bad debts according to each of the following situations: a. Bad debt expense is estimated to be 2% of credit sales for the year. b. Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is estimated to be 10% of the year-end balance in accounts receivable. c. Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is deten'nined by an aging of accounts receivable