A company has the following unadjusted account balances at June 30, of the current year. Accounts Receivable of $178,600 and Allowance for Doubtful Accounts of $1,800 (debit balance). This 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: Account Age Balance Estimated Uncollectible Percentage 1.0% Current (not yet due) 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total $87,600 $58,000 $18,500 4.5% 15.0% $9.700 46.0% $4.800 $178,600 69.0% 1. Calculate the amount of the Allowance for Doubtful Accounts that should appear on the June 30, of the current year, balance sheet. 2. Prepare the complete adjusting journal entry to record bad debts expense for the current year. Show your calculations! (10 points)