D-1). Given the following amounts in the accounts below, journalize the adjusting entry for bad debts expense on December 21, 2021 using the income statement approach. Bad Debts Expense required is estimated to be 5% and currently holds a credit balance of $200. DR CR $45,000 Accounts Receivable Sales Sales Returns and Allowances Sales Discounts Allowance for Doubtful Accounts $121,500 $1,000 $10,500 $6,000