At December 31, the balance in Bauer Company's allowance for uncollectible accounts, before adjustment, was $1,400. Bauer Company uses the income statement approach to estimate bad debts expense and expects 2% of credit sales to be uncollectible. During the current year Bauer had $275,000 in credit sales. What adjusting entry would the company make to record bad debts expense for the year? Allowance for Uncollectible Accounts $4,100 Accounts Receivable $4,100 Bad Debts Expense $4,100 Allowance for Bad Debts $4,100 Bad Debts Expense $5,500 Allowance for Uncollectible $5,500 Bad Debts Expense $5,500 Allowance for Bad Debts $5,500