At December 31, Foley Coffee Company reports the following results for its calendar year. Cash sales $ 902,000 Credit sales 302,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 127,000 debit Allowance for doubtful accounts 5,200 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 5% of credit sales, (2) 3% of total sales and (3) 8% of year-end accounts receivable.