The following information is related to December 31, 2019 balances Accounts Receivable $1,300,000 Allowance for Doubtful Accounts 140,000 During 2020 sales on account were $590,000 and collections on account were $450,000. Also, during 2020 the company wrote off $22,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at 9% of Accounts Receivable. 1) Prepare the Journal Entries for the 2020 transactions 2) Calculate Bad Debt Expense. Record the journal entry for bad debt expense. 3) Calculate the Net Realizable Value