At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales Credit sales $920,000 320,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $145,000 debit 7,000 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be ) 3% of credit sales. (2) 1% of total sales and (3) 6% of year-end accounts receivable