Black Lantern Company uses the aging approach to estimate bad debt expense. The total Accounts Receivable balance at year end is $92,300. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $57,000, (2) up to 180 days past due, $33,000, and (3) more than 180 days past due, $2,300. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to un collectability is (1) 3 percent, (2) 13 percent, and (3) 24 percent, respectively. At December 31, 2014 (end of the current year), the Allowance for Doubtful Accounts balance is $600 (credit) before the end-of-period adjusting entry is made. 1)Prepare the appropriate bad debt expense adjusting entry for the year 2014. 2) Show how the entry above would be posted to the following related T accounts. Reflect the proper balances in each account 3) Show how accounts receivable should be shown on the December 31, 2014,balance sheet.