A company's preliminary trial balance reflects an accounts receivable balance of $100,000 and a credit balance in the Allowance for Doubtful Accounts of $500. Per review of the Aged Receivables listing, 50% of the accounts receivable are current and 50% are over-due. Management estimates that 3% of the current accounts and 5% of the over-due accounts will be uncollectible. The adjusting journal entry to update the Allowance for Doubtful accounts is for $2,900 $3,400 $3,200 $3,500 $4,000