At January 1, 2022. Accustart Imports Inc reported this information on its balance sheet. Accounts receivable $576,000 Less: Allowance for doubtful accounts 37.600 During 2022, the company had the following summary transactions related to receivables and sales. Accustart uses the perpetual inventory system. Accustart expects a return rate of 3% Sales on account amounted to $2,350,000. The cost of the inventory sold was $1.645.000 Goods with a total sales price of $37.600 and a cost of $26.320 were restored to inventory Collections of accounts receivable were $2.068,000 Writer offs of accounts receivable deemed uncollectible, 542,300, Recovery of bad debts previously written off as uncollectible, $14.100 1 2 3 5 Prepare the journal entry to record bad debts expense for 2022, assuming the estimated uncollectible accounts receivable is $43,240. (Lst all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually . If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit