The account balances of Crane Company at December 31, 2021, the end of the current year, show Accounts Receivable $176,400: Allowance for Doubtful Accounts $2.200 (credit): Sales $1,382,600; Sales Returns and Allowances $40,000; and Sales Discounts $19,600. Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit (1) Dec 31 (To record estimate of uncollectible accounts.) (2) Dec 31 (To record estimate of uncollectible accounts.) Calculate the carrying amount of the accounts receivable for each approach to estimating uncollectible accounts in part(a) above. (1) Carrying amount (2) Carrying amount $ e Textbook and Media List of Accounts Assume instead that the Allowance for Doubtful Accounts had a debit balance of $2.500 at December 31, 2021. What is bad debt expense for 2021, and what is the carrying amount of the accounts receivable at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales? (1) (2) Bad debts expense $ $ Carrying amount