Bad deSold $1,348,000 of merchandise on credit (that had cost $982,900), terms n/30. Wrote off $18,800 of uncollectible accounts receivable. Received $666,600 cash in payment of accounts receivable. In adjusting the accounts on December 31, the company estimated that 2.20% of accounts receivable would be are estimated to be 4% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.