The following transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31 : of $2,265 cash in full payment of Arlene's account. April 3. Wrote off the $12,980 balance owed by Premier GS Co., which is bankrupt. $3,690 cash in full payment. December 31 . Wrote off the following accounts as uncollectible (compound entry): Cavey Co., \$9,760; Fogle Co., $2,900; Lake Furniture, $7,450; Melinda Shryer, \$2,105. the adjusting entry. Required: 2. b. Post each entry that affects the following T accounts and determine the new balances: 3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry). $ 1% of the sales of $7,100,000 for the year, determine the following: a. Bad debt expense for the year. b. Balance in the allowance account after the adjustment of December 31. $ c. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry)