During the current year, sun electronics, incorporated, recorded credit sales of $5,000,000. based on prior experience, it estimates a 2 percent bad debt rate on credit sales. a. on november 13 of the current year, an account receivable for $98,000 from a prior year was determined to be uncollectible and was written off. b. at year-end, the appropriate bad debt expense adjustment was recorded for the current year. required: show the effects of the above transactions on the following categories: assets, liabilities, and stockholders' equity. indicate the accounts affected and enter decreases to account categories with a minus sign.