0 Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 The following information applies to the questions displayed below! A1 December 31, Hawke Company reports the following results for its calendar year Cash Sales $ 240,000 Credit Sales 5 600,000 In addition, its unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $324.000 debit 5 3.200 debit Problem 7-2A (Algo) Part 2 2. Bad debts are estimated to be of credit cales Show how Accounts Receivable and the Allowance for Doubtful Accounts on onts December 31 bolonce the CUTO