The following information relates to the business of David & Sons Company. The financial year of the company ends at 30 June 2022. Opening balance of Account Receivables $22 200 Opening balance of the Allowances for Doubtful Debts 2 820 Closing Balance of Account Receivables 28 860 Net credit sales during the year 78 000 During the year, $2 160 of account receivables were written off as bad debts. David & Sons Company uses the net credit sales method to estimate doubtful debts. It is estimated that three per cent of the net credit sales will become uncollectable. Ignore GST. Required: a) Prepare the following accounts (T-account) at the end of 2022 (7 marks) a. Account Receivables b. Allowances for Doubtful Debts