Problem #4 - Analysis of Accounts Receivable Method [Debit Balance] At the end of the current year, Accounts Receivable has a balance of $4,000,000; Allowance for Doubtful Accounts has a debit balance of \$203,980: and Net Sales for the year total $10,000,000. Using the Analysis of Accounts Receivable Method the balance for the Allowance for Doubtful Accounts is estimated as $602,790. 1) Calculate the dollar amount required to record the allowance amount. 2) Prepare the adjusting journal entry for the Allowance for Doubtful Accounts: 3) Calculate the Net Accounts Receivable Balance [Calculations must include words \& numbers]