[The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. In addition, its unadjusted trial balance includes the following items. Accounts receivabie Allowance for doubtful accounts $432,000debit$4,300debit Problem 9-2A (Algo) Part 1 Required: 1. Prepore the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 3% of credit sales b. Bad debis ote estimated to be 2% of total soles C. An aging aratysts estimates that 5% of year-end accounts receivable are uncollectible Adjusting entres (all dated December 3 ). 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 5% of year-end accounts recelvable are uncollectible. Adjusting entries (all dated December 31). Answer is complete but not entirely correct