1. Adjusted Trial Balance Analysis: A company’s unadjusted trial balance shows the following: Accounts Receivable $80,000, Allowance for Doubtful Accounts $3,000 (credit), and Bad Debt Expense $2,000. The company estimates that 4% of accounts receivable will be uncollectible. Calculate the adjusted accounts receivable and allowance for doubtful accounts, and prepare the journal entry for bad debt expense adjustment.