Problem 3-7 The following partial data are given for two companies' sales and bad debts during a re- cent year, and their receivables at the beginning and end of the year. All sales were on account Company X Company Y 160 Gross accounts receivable: January 1 December 31 220 245 1847 8 ?12 Allowance for doubtful accounts: January 1 December 31 10 16 2 208 Net accounts receivable January 1 December 31 174 2229 ?] 886 800 Gross sales 15 Provision for bad debts 92 7692 850 Collections on account 7 Write off specific accounts Instructions Supply the missing amounts (space is provided below and on the next page for your work)