You've been given the following Accounts receivable listing at December 31, 2020 for Long Hikes Inc., an adventure tour company in Whitehorse. 60-90 days over 90 4,500 Accounts Receivable Listing at December 31st Current 30-60 days Company A 2,500 Company B 7,500 Company C 5,200 5,200 Company D. 14,250 Company E 9,000 6,000 38,450 11,200 5,200 TOTAL 7,000 7,500 15,600 14,250 15,000 59,350 9,700 You've been told that Company A has gone bankrupt and the owner wishes to write off the receivable amount. Additionally, on December 31, 2020 you received payment for an account that we wrote off last year. The amount was for $9,000 and you need to record this payment The Allowance for Doubtful Accounts account is in a $2,000 DR position at December 31, 2020 before any adjustments. You've also been supplied with the following information: Estimated percentage uncollectable Current 3% 30-60 days 8% 60-90 days 25% 90+ days 90% Required: 1. Prepare the journal entries for the 2 adjustments above. Be sure to adjust any accounts that may need adjusting to complete required #2. 2. Prepare the adjusting entry at Pecember 31, 2020, to recognize bad debts expense