Capilano Corporation has a year-end of July 31. You have been provided with the following information for the year just ended: - Total sales revenue for the year was $930,000. -Cash sales represent 20% of total sales. -The accounts receivable balance at the beginning of the year was $102,000. -The accounts receivable balance at the end of the year was $162,000. - A review of the outstanding accounts receivable at the end of the year indicates that $8,100 should be written off. -The industry uses the allowance approach based on 4% of accounts receivable or 1% of credit sales. Required Make the necessary adjusting entry to record the bad debts expense assuming that Capilano Corporation uses the direct write-off approach.