The following information is available for Subala Books' sales on account and accounts receivable: Accounts receivable balance, January 1, Year 2 $78,800 Allowance for doubtful accounts, January 1, Year 2 $4,770 Sales on account, Year 2 Collection on accounts receivable, Year 2 $553,000 $559,000 After several collection attempts, Subala Books' wrote off $2,720 of accounts that could not be collected. Subala Books' estimates that 5 percent of the ending accounts receivable balance will be uncollectible. Record the general journal entries and prepare ledger accounts as per the following: A. Record sales on account for Year 2. (2 mark) B. Record cash collections from accounts receivable for Year 2. (2 mark) C. Write off the accounts that are not collectible. (2 marks) D. Record the estimated Bad Debt Expense for Year 2. To calculate this amount, prepare the ledger accounts for 'Accounts receivable', and Allowance for doubtful debts. (2+2+2 marks)