You have the following information from a company: Accounts receivable, January 1, 2020 $450,000 Sales in 2020 (70% on credit) 2,150,000 Credit sales collected 870,000 Allowance for Doubtful Accounts, January 1, 2020 89,000 Aco nts written off during the year 52,000 Required- 1- Write the required journal entries in 2020. 2- Assuming that the company estimates that 4% of its ending accounts receivable won't be collected, prepare the required adjusting entry