Casilda Company uses the aging method to estimate bad debt expense. Casilda estimates that $3\%$ of receivables that are not yet due, $12\%$ of receivables that are up to $180$ days past due, and $32\%$ of receivables that are more than $180$ days past due will be uncollectible.

The company currently has $$50,900$ of accounts receivable that are not yet due, $$15,100$ that are up to $180$ days past due, and $$4,300$ that are more than $180$ days past due.

At December $31,$ the end of the current year, the Allowance for Doubtful Accounts balance is $$200($credit$)$ before the end$-$of$-$period adjusting entry is made.

Required:

Prepare the appropriate bad debt expense adjusting entry for the current year.

Show how gross accounts receivable, the allowance for doubtful accounts, and net accounts receivable should be shown on the December $31$ balance sheet.