The trial balance before adjustment for Rolston Company reports the following balances: Required: I. Calculate the amount for estimated bad debts assuming that doubtful accounts was estimated to be 8% of gross accounts receivable. II. Calculate the amount for estimated bad debts assuming that doubtful accounts if accounts receivable of $34,750 which was written off as uncollectable was recovered and the allowance for doubtful accounts are estimated to be 3% of net sales III. Assume the Allowance for doubtful accounts had a debit balance of $10,485 instead of the credit balance and the company estimates doubtful accounts at 12% of gross accounts receivable. Prepare the Journal entry to record the estimated bad debt