At December 31, a company reports the following results for its calendar year. Cash sales $ 903,000 Credit sales 303,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $128,000 debit Allowance for doubtful accounts 5,300 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 6% of credit sales