During Year 1, Wallbert Department Store had total sales of $6,000,000, of which 80% were on credit. The beginning balance in Accounts Receivable (on January 1 of Year 1) was $330,000. The beginning balance in the Allowance for Bad Debts (on January 1 of Year 1) was $40,000. The amount of accounts written off as uncollectible during the year was $54,000.

The following aging of Accounts Receivable is for Wallbert at the end of Year 1:

Aging of Accounts Receivable December 31 of Year 1

Less than 30 days	$732,000
31 days to 60 days	$144,000
61 days to 90 days	$48,000
Over 90 days	$60,000
Total	$984,000

Wallbert has developed the following bad debt information from its own past experience:

Age of Account Percent Ultimately Uncollectible

Less than 30 days	2%
31 to 60 days	12%
61 to 90 days	35%
Over 90 days	90%

Wallbert uses the aging method to determine its ending Allowance for Bad Debts balance. Which ONE of the following is included in the journal entry necessary at the end of the year to record **bad debt expense** for the year?