A company uses the aging of receivables method, During the year, the company recorded credit sales of $650,000, Before adjusting entries at year-end, the company has accounts receivable of $300,000, of which $55,000 is past due, and the allowance account had a credit balance of $2,600. The company expects it will not collect 8% of the amount not yet past due and 20% of the past due accounts. Which of the following adjusting entries will the company record at year-end