At December 31, 2021, Pharoah Imports reported this information on its balance sheet.

Question: Prepare the journal entry to record bad debt expense for 2022, assuming that aging the accounts receivable indicates that estimated bad debts are $ 52,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Accounts receivable		$ 558,400
Less: Allowance for doubtful accounts		39,000

During 2022, the company had the following transactions related to receivables.

1.		Sales on account		$ 2,015,000
2.		Sales returns and allowances		65,100
3.		Collections of accounts receivable		1,715,000
4.		Write-offs of accounts receivable deemed uncollectible		42,000
5.		Recovery of bad debts previously written off as uncollectible		14,000