2. Wellington Corp, has outstanding accounts receivable totaling S1.27 million as of December 31 and sales on credit during the year of $6.4 million. There is also a debit balance of $3,000 in the allowance for doubtful accounts. If the company estimates that 1% of its netcredit sales will be uncollectible, please journalize the year-end adjusting entry for uncollectible accounts based on the information above (4 Points)