I need help with the bottom section with the red x's (please see last pic)

Allowance Method for Accounting for Bad Debts $1,110,000. The company wrote off $7,000 of uncollectible accounts during the year. Required: 1. Identify and analyze the sales during 2017. Activity Accounts Statement(s) How does this entry affect the accounting equation? \begin{tabular}{|l} \hline \\ \hlineC \\ A \\ \hline \end{tabular} Identify and analyze the transactions related to the collections of cash during 2017. Activity Accounts Statement(s) How does this entry affect the accounting equation? Identify and analyze the transactions related to the write-offs of accounts receivable during 2017. Activity Accounts Allowance for Doubtful Accounts Decrease, Accounts Recelvable Decrease Statement(s) a. Identify and analyze the adjustments to recognize bad debts assuming that bad debts expense is 4% of credit sales. Activity Accounts Allowance for Doubtful Accounts Increase, Bad Debts Expense Increase Statement(s) E How does this entry affect the accounting equation? of decreasing the corresponding financial statement item. If a contra account is decreased, it will have the effect of increasing the corresponding financial statement item. b. Identify and analyze the adjustments to recognize bad debts assuming that amounts expected to be uncollectible are 5% of the year-end accounts receivable. How does this entry affect the accounting equation? of decreasing the corresponding financial statement item. If a contra account is decreased, it will have the effect of increasing the corresponding financial statement item. 3. What is the net realizable value of accounts receivable on December 31,2017 , under each assumption in part (2)? Usina the Dercentage of sales approach, the net realizable value of the receivables is? $ Using the percentage of year-end receivables approach, the net realizable value of the receivables is? 4. The recognition of bad debts expense the net realizable value by the amount recorded in bad debts expense and the allowance for doubtful accounts the net realizable value. How does this entry affect the accounting equation? decreasing the corresponding financial statement item. If a contra account is decreased, it will have the effect of increasing the corresponding financial statement item. 3. What is the net realizable value of accounts receivable on December 31,2017 , under each assumption in part (2)? Using the percentage of sales approach, the net realizable value of the receivables is? x Using the percentage of year-end receivables approach, the net realizable value of the receivables is? x 4. The recognition of bad debts expense the net realizable value by the amount recorded in bad debts expense and the allowance for doubtful accounts the net realizable value