3. Averys All-Natural Company reported credit sales of $2,400,000 during 2017. Assume that instead of using K the analysis of receivables method of estimating uncollectible accounts, Averys All-Natural uses the percent of sales method and estimates that 2.5% of sales will be uncollectible. Illustrate the effect on the accounts and financial statements of the adjustment for uncollectible accounts using the percent of sales method. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts.