The underlined portions are the needed answers. Just as much as you can help me with would be great! I understand its a long problem so I'll take what I can get!

Rainbird Sprinklers sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 31, the company's fiscal year-end. The 2020 balance sheet disclosed the following: . 5 Current assets: 5 Accounts receivable, net of allowance for uncollectible accounts of S34.000 S 452,000 During 2021. credit sales were $1,770.000, cash collections from customers 51.865.000, and $38.000 in accounts receivable were written off. In addition, $3,400 was collected from a customer whose account was written off in 2020. 1) Compute the beginning balance in Accounts Receivable, gross at the end of 2020 1 2 3 Receivables, net of allowance Add back allowance Beginning accounts receivable 5 5 7 2) Prepare the entries to record the 2021 write offs and recovery of receivables that were collected after being written off. 3 3 0 1 2 3 4 5 6 7 8 3) Prepare the year-end adjusting entry for bad debts according to each of the following situations: 9 0 a. Bad debt expense is estimated to be 2% of credit sales for the year. 1 2 3 4 b. Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is estimated to be 10% of the year-end balance in accounts receivable. 35 37 First compute ending Accounts Receivable 38 Accounts receivable, beginning (from part 1) Credit sales Cash collections Write off's Accounts receivable, ending 43 5 +55 + 5 45 Then compute the balance in AUA before adjustment Allow for uncoll accounts, beg. 47 Write offs 48 Recovery Allow for uncoll. accounts, before adj. 53 51 Compute Target Balance in AUA 52 Accounts receivable, ending Percent uncollectible 54 Target balance of AUA 55 56 Compute increase to AUA Allow for uncoll. accounts, before adj. Target balance of AUA 59 Adjustment needed 60 61 Finally, prepare entry 62 63 57 58 64 1 c. Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is determined by an aging of accounts receivable. 3 Information on the aging schedule is below 4 5 2)c) % of AR Ending AR Balance in age Estimated 6 Age Group group Balance group uncollectible allowance 0 - 60 days 60% 3% 61 - 90 10% 5% 91 - 120 20% 20% Over 120 10% 45% in age 7 8 9 10 11 12 13 Allow for uncoll accounts, before adj. Target balance of AUA Adjustment needed (use info from 2b) from above 14 15 16 17 18 19 21 20 3) Determine the net accounts receivable that would be reported on the 2021 Balance Sheet under each method (b) (c) 22 Accounts receivable Less: Allownce for uncollectible accounts 24 Accounts receivable, net 25 23