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The controller of Yamato Inc. is in the process of computing the bad debt expense for 2022. Unfortunately, a computer virus attacke Yamoto's accounting system one night and destroyed the information regarding the approach that Yamato has consistently used for computing the uncollectible accounts expenses for the past 3 years. However the following information is provided by the credit manager 2020 2021 2022 Accounts receivable, December 31 S148,600 SI52.500 S150.500 Allowance for doubtful accounts (credit balance). Dec. 31 40,500 42,500 44,500 Accounts receivable written off during the year 21.500 27,000 23.000 Sales: Cash 325,000 305,000 350.000 Credit 521.000 580.000 500,000 Yamato uses the perpetual Inventory system and its cost of goods sold is 45% of the sales The credit manager explains that the large write off in 2021 was due to an unexpected bankruptcy of a major customer even thou the age distribution of accounts receivable has been very consistent over the past three years. Required: 1. Calculate the following items: (a) the bad debt expense amount for 2021. (b) the bad debt expense amount for 2022. (c) cash collection from credit sales for 2021 (d) cash collection from credit sales for 2022 2. Prepare journal entries to record all the transactions for Yamato Inc. in 2022 View transaction list View journal entry worksheet x . 1 Record the cash and credit sales in one transaction. 2 Record the cost of sales. 3 Record the cash receipts from credit sales. Record the write-off of uncollectible accounts. 5 Record the estimated bad debt expense.