The company had the following beginning year balances in 2016. the company had credit sales of $1,000,000 and cash sales of $1,200,000. the company estimates bad debts at 1%. during the year $12,000 of the bad debt was deemed uncollectable. on 12/31/16 the remaining accounts receivable outstanding balance for the company was $295,000. complete the 2016 t accounts for accounts receivable and allowance for doubtful accounts.