Vedant's Company sells resuable masks with flower patterns. One of Vedant's most popular customers is Charli D'Amelio. During the current year, Vedant's Company had sales revenue of \\( \\$ 158,000 \\), of which \\( \\$ 67,000 \\) was on credit. At the start of the current year, Accounts Receivable showed a \\( \\$ 16,000 \\) debit balance and the Allowance for Doubtful Accounts showed a \\( \\$ 1,800 \\) credit balance. Collections of accounts receivable during the current year amounted to \\( \\$ 51,000 \\). Data during the current year follow: a. On December 31, an Account Receivable (Prof Mike R.) of \\$2,000 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 3.0 percent of credit sales for the year. Required: 1. Prepare the required journal entries for the two items on December 31 , the end of the accounting period. 2. Sh