12/31/Y1 balances of Accounts Receivable and Allowance for Doubtful Accounts are $1,000,000 and $100,000, respectively. Year 2 sales are $3,000,000, of which $2,200,000 are on account. Year 2 collections are $2,700,000. Year 2 write-offs are $25,000; reinstatements of previously written off accounts are $7,000.

Prepare the 12/31/Y2 adjusting journal entry to record bad debt expense estimated at 20% of accounts receivable.