Sanchez Co. uses the percentage-of-receivables basis in 2025 to record bad debt expense. It estimates that \(3 \%\) of accounts receivable will become uncollectible. Sales revenues are \(\$ 900,000\) for 2025 , and sales returns and allowances are \(\$ 50,000\) at December 31,2025 . Accounts receivable has a balance of \(\$ 139,000\), and the allowance for doubtful accounts has a credit balance of \(\$ 3,000\). Prepare the adjusting entry to record bad debt expense in 2025 .