Gregg Company uses the allowance method for recording its expected credit losses. It estimates credit losses at three percent of credit sales, which were 5900 , the Accounts Rec balance was $150,000, and the Allowance for Doubtful Accounts had a credit balance of $12,200 before adjustment. a. Prepare the adjusil s entry to record the credit losses for the year b. Show how. Accounts Receivable and the Allowance for Doubtful Accounts would appear in the December 31 balance sheet. a. b. (Do not use negative signs with your answers)