Westside Corporation reported the following, as of December 31 of the current year: Total credit sales for the year totaled $10,000,000. Total cash sales for the year totaled $2,000,000. Account receivable balance on December 31 equaled $800,000 Allowance for doubtful accounts balance at the beginning of the year was a credit balance of $76,000. Accounts written off during the year totaled $90,000. 1. Calculate the bad debt expense for Westside Corporation using the percentage of sales method, assuming 1% of credit sales is expected to be uncollectible. Also, provide the necessary adjusting entry to recognize the depreciation expense. Show any necessary work. 2. Calculate the bad debt expense for Westside Corporation using the percentage of receivables method, assuming 12% of ending accounts receivable is considered uncollectible. Show any necessary work. Edit View Insert Format Tools Table 12pt Paragraph