Problem 9-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. $ 648,eee Cash sales Credit sales $ 1,6ee, eee In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 489,882 debit $ 5,889 debit Problem 9-2A (Algo) Part 2 2 Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet Current assets