At each calendar year-end, Mazje Supply Co. uses the percent of accounts recoivable method to estimate bad debts On December 31, 2017, it has outstansing accounts receivable of $133,500, and it estmates that 4.0% will be uncollectible. Prepare the adusting entry to record bad debts expense for year 2017 assuming that the Allowance for Doubeffl Accounts has a $2.270 credit baiance before the adjustment