Casilda Company uses the aging method to estimate bad debt expense. Casilda estimates that 3% of recelvables that are not yet due, 12% of recelvables that are up to 180 days past due, and 32% of recelvables that are more than 180 days past due will be uncollectlble. The company currently has $50,300 of accounts recelvable that are not yet due, $14,200 that are up to 180 days past due, and $5,200 that are more than 180 days past due. At December 31, the end of the current year, the Allowance for Doubtful Accounts balance is $400 (credit) before the end-of-perlod adjusting entry is made. Required: 1. Prepare the approprlate bad debt expense adjusting entry for the current year. 2 Show how gross accounts recelvable, the allowance for doubtful accounts, and net accounts recelvable should be shown on the December 31 balance sheet. Complete this question by entering your answers in the tabs below. Show how the various accounts related to accounts receivable should be shown on the December 31 , current year, balance sheet. (Amounts to be deducted should be indicated by a minus sign.)