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Cornerstone Exercise 5-28 Aging Method On December 31,2021 , Khalid the, has the following balances for accounts recelvable and allowance for doubtut accounts: During 2022, Khalid had $18,500,000 of credit sales, collected $12,045,000 of accounts recelvable, and mrote off $60,000 of accounts receivable as incellectible. As year-end, Khalid perforns an aging of its accounts receivable balance and ectimates that $52,000 will be uncollectible. Required: 1. Calculate Khalid's preadjustment balance in accounts recelvable on December 31,2022 . 2. Calculate Khalid's preadjustment balance in allowance for doubfful sccounts on Decernber 31, 2022. 3. Prepare the necessary adjusting entry for 2022. Dec. 31 (Record adjusting entry for bad debt expense entimate)