please solve this now 22

Question 1 "ABC" Compary roported the following balnnces (after adjustment) at the ead of 2018 and 2018 During 2021, "ABC" Comgany bad the following trunsactions: 1. Total sales reventue for the year 2021 was equal to $98,000. 2. The company collected $73,600 of its accounts recoivables. 3. The company wrote off customer accounta tolaling $6,400. 4. The company collected $1,600 on accounts wristen ot in previoas years: Instructions: Basod on the above-given information, Aaswer the following questions. (1) [2 Points] What is the amount of bad debt expense that must presented on the income statement for tho year 2021? (2) \{2 Points] What is the allowane for doubtful sooounts balance that must be presented on the statement of finazeial position as on 31/12/2021 ? (3) {2 Pointsi in the space below, prepare the preseatation of the accounts roceivables as of 31/12/2021 (4) [3 Points] What is the recivable adjusting entry that was reported on December 31st, 2021, assuming the company is using the percent of receivables method? (In the space below you must write only the adjusting journal entry)