Crane Products uses the allowance method in estimating uncollectible accounts. On December 31, 2025, the balance in Accounts Receivable was $640,000. An aging analysis of the accounts receivable indicated that $29,200 in accounts are expected to be uncollectible. Prepare the adjusting entry to record estimated bad debts expense using the percentage of receivables basis under each of the following independent assumptions:Allowance for Doubtful Accounts has a credit balance of $3,600 before adjustment