2. Refer to the data in part 1. (a) Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 2% of total accounts receivable to estimate uncollectibles instead of the aging of receiv- ables method in part 1. (b) Prepare the adjusting entry to record bad debts expense using the estimate from part 26. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $4 credit.