The December 31, 2021 Statement of Financial Position Don T Pizmeoff Enterprises Ltd showed an Accounts Receivable balance of $450,000 and a credit balance in Allowance for Doubtful Accounts of $40,000. During 2022 , the following transactions occurred: sales on account, $1,550,000; sales returns and allowances, $125,000; all collections from customers totalled $1,325,000; accounts written off $40,000; previously written off accounts of $5,000 were collected. Required (a) Journalize the 2022 transactions. (b) If the company uses the percentage of 2022 year end receivables to estimate bad debts expense and determines that uncollectible accounts are expected to be 8% of accounts receivable, what is the adjustin entry at December 31, 2022? (c) In good form, show how Accounts Receivable will be shown on the 2022 Statement of Financial Position