3. At December 31, 2013, Globe Trotter Imports reported the following information on its statement of financial position. Accounts receivable $ 220,000 Less: Allowance for doubtful accounts 15,000 During 2014, the company had the following transactions related to receivables. Sales on account $ 2.400,000 Sales returns and allowances 45,000 Collections of accounts receivable 2,250,000 Write-offs of accounts receivable deemed uncollectible 13,000 Recovery of bad debts preciously written off as uncollectible 2,000 3-1. (1 point per each transaction) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. 3-2. (10 points) Prepare the journal entry to record bad debt expense for 2014, assuming that an aging schedule of accounts receivable indicates that total estimated bad debts are $22,000