At December 31, 2017 Walla Walla Imports Inc reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $607.000 44,000 During 2018, the company had the following summary transactions related to receivables and sales Walla Walla uses the perpetual inventory system 1 3 Sales on account amounted to 52,633.000 The cost of the inventory sold was $2.448.690 Sales returns and allowances with a total sales price of $41.000 and a cost of $35.130 were restored to inventory Collections of accounts receivable were $2.314.000 Write offs of accounts receivable deemed uncollectible. 549.100 Recovery of bad debts previously written otras uncollectible $14.900 5 Prepare the journal entry to record bad debts expense for 2018, assuming that aging the accounts receivable indicates that estimated uncollectible accounts receivable are $41,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Bad Debts Expense Allowance for Dout Accounts