EP12-2A. Given the additional data in the table below: a. Prepare the adjusting journal entry for bad debts expense on December 31, 2021 b. Prepare a partial balance sheet on December 31, 2021, showing how net realizable value is calculated. c. If the balance in Allowance for Doubtful Accounts was a $300 debit balance, journalize the adjusting entry for bad debts expense on December 31, 2021. Balances: Cash, $30,000; Accounts Receivable, $152,000; Allowance for Doubtful Accounts, $300 credit; Inventory, $12,000. Additional Data Alvie Co. December 31, 2021 Estimated Percentage Estimated Amount Considered to Be Bad Debts Needed in Allowance for Expense Doubtful Accounts 1 Not yet due 0-60 61-180 Over six months Amount $130,000 9,000 8,000 5,000 $152,000 5 20 40