Credit losses based on credit sales smith & sons uses the allowance method of handling its credit losses. it estimates credit losses at two percent of credit sales, which were $1,900,000 during the year. on december 31, the accounts receivable balance was $300,000, and the allowance for doubtful accounts had a credit balance of $21,400 before adjustment. show how accounts receivable and the allowance for doubtful accounts would appear in the december 31 balance sheet. (do not use negative signs with your answers.)