(2) In 2016, Vandolay reported $300,000 in sales. The company's allowance for doubtful accounts has an unadjusted credit balance of $12,000. Vandolay Industries accountants prepared the following Aging of Accounts Receivable: Number of days unpaid Customer Total 0-3030-6060-90 Over 90 Alpha Sales Gamma Manufacturing Co Delta Shipping Cor Epsilon Industries Theta Manufacturing Zeta Industries Other customers Totals Estimated percentage Estimated uncollectible S 700 1,900 2,200 6,000 1,800 600 $700 $1,900 $2,200 $6,000 600 36,900 248,800 140,1 $262,000 142.000$40,000 $32000 $48.000 29,800 42,000 Vandolay accountants believe that receivables 0-30 days old have a 2% chance of noncollection. Receivables 30-60 days old have a 4% chance of noncollection. Receivables 60-90 days old have an 8% chance ofnon collection. Receivables over 90 days old have a 20% chance of noncollection. The company's allowance for doubtful accounts has an unadjusted credit balance of $10,000. Prepare the required adjusting journal entry. Dec. 31 Notes receivable