Allarco Inc. had credit sales of $2,800,000 in 2023. At year End, December 31, 2023 the company's Allowance for Doubtful Accounts had an unadjusted credit balance of $17,000. The accountant for Allarco Inc. has prepared a schedule of the December 31, 2023 accounts receivable by age and, on the basis of past experience, has estimated the percentage of the receivables in each age category that will become uncollectible. This information is summarized as follows: December 31, 2023 Accounts Receivable $ 570,000 Age of Accounts Receivable Not due (under 30 days) Estimated Percentage Uncollectible 1.30 % 382,000 1 to 30 days past due 2.40 66,000 31 to 60 days past due 6.50 48,000 16,000 61 to 90 days past due Over 90 days past due 33.25 68.75 a) Compute the amount that should appear in the December 31, 2023 balance sheet as the allowance for doubtful accounts. Allowance for doubtful accounts = $ b) Prepare the journal entry to record bad debt expense for 2023. Date General Journal Account/Explanation Page GJ1 F Debit Credit To record bad debt expense