The account balances of Portable Pet Store at December 31, 2021, the end of the current year, show Accounts Receivable $250,000; Allowance for Doubtful Accounts $5,000 (credit); Sales $1,800,000; Sales Returns and Allowances $30,000; and Sales Discounts $25,000. REQUIRED: 1. Insert a table that is 4 columns wide, and 8 rows high (3rd row of tool bar, 6th item from left). You may add rows should you require them. (3rd row of tool bar, 11th or 12th icon from left). Use the following headings: Date Account Titles and Explanation IDr Cr (Optional. Adjust the column width by dragging the vertical line between columns in the header row left or right.) 2. Using the table prepared in Part 1 above, in good form prepare the journal entry assuming bad debts are estimated to be 1.5% of net sales.