The following information applies to the questions displayed below.) At December 31, Hawke Company reports the following results for its calendar year Cash sales $1,386,340 Credit sales $3,839,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,163,217 debit $ 28,830 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1a. 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on Its December 31 balance sheet given the facts in part 1a. Current assets: Accounts receivable Less: Allowance for doubtful accounts $ 0 Required Information The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales $1,386,340 Credit sales $3,839,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,163,217 debit $ 28,830 debit uired: Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list View journal entry worksheet Credit No 1 Transaction a. General Journal Bad debts expense Allowance for doubtful accounts Debit 115,170 115,170 104,507 Bad debts expense 1 a. Bad debts expense Allowance for doubtful accounts 115,170 115,170 104,507 Bad debts expense Allowance for doubtful accounts 104,507 I 3 c. 98,623 Bad debts expense Allowance for doubtful accounts 98,623