A company has the following unadjusted account balances at December 31 of the current vear: Accounts Receivable of $185,700 and Allowance for Doubtful Accounts of \$\$1,600 (credit balance). The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end: Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, of the current year, alance sheet. Prepare the adjusting journal entry to record bad debts expense for the current year