Asphalt Company had the following information at year end prior to any adjustments: Accounts Receivable $242,560 Allowance for Doubtful Accounts $3,271 (credit balance) Sales $1,645,730 Asphalt Company estimates that 0.8% of Sales will be uncollectible. What amount should be in the adjusting journal entry for bad debts? (Round answers to the nearest whole dollar.) Group of answer choices $9,895 $13,166 $131,658 $1,940 $16,437