At December 31 of the current year, a company reported the following:

Total sales for the current year: $960,000 includes $610,000 in cash sales

Accounts receivable balance at Dec. 31, end of current year: $64,000

Allowance for Doubtful Accounts balance at January 1, beginning of current year: $4,100 credit

Bad debts written off during the current year: $6,200.

Prepare the necessary adjusting journal entry to record bad debts expense assuming this company's bad debts are estimated to equal 4% of accounts receivable.