The account balances of Wildhorse Company at December 31,2017, the end of the current year, show Accounts Receivable $169,200; Allowance for Doubtful Accounts $2,068 (credit); Sales $1,334,800; Sales Returns and Allowances $47,000; and Sales Discounts $18,800. Wildhorse has a no cash policy. All sales were made on credit. Instructions: a) Record the adjusting entry at December 31,2017, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.50% of net credit sales. b) Calculate the net realizable value of the accounts receivable for each approach to estimating uncollectible accounts above. c) Assume instead that the Allowance for Doubtful Accounts had a debit balance of $2,444 at December 31, 2017. What is the revised bad debt expense for 2017 and what is the net realizable value of the accounts receivable at December 31, 2017