The following data were selected from Chen's ledger. Chen's accounting policy related to estimated bad debt expense is to keep the same relation between the Accounts Receivable and Allowance for Doubtful Accounts. E (Click icon to view data.) Requirements 1. Calculate the missing information. Accounts Receivable Allowance for Doubtful Accounts Sales (2) (2) (1) 254,000 45,000 (1) 254,000 3,360 1,230 (3) 228,800 (4) 55,500 4,590 2. What is the percentage used to estimate the uncollectible bad debts? (Enter your answer as a whole number rounded to 1 decimal.) The percentage used to estimate the uncollectible bad debts is %. 3. Explain the transaction (1) to (4). 1. $ 2. 254,000 14,700 228,800 15,930 3. 4