Required Information 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. Cash sales $ 560,000 Credit $ sales 1,400,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $ 756,000 debit Allowance for doubtful $ 7,600 debit accounts Problem 9-2A (Algo) Part 2 2. Bad debts estimated to be 3% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets