DWC, LLC had $375,760 of accounts receivable and $782,160 in sales during the year. The December 31st balance, before any adjustments, for the Allowance for Doubtful Accounts is $1,400 (debit balance). Prepare the adjusting journal entry needed on December 31st if DWC, LLC estimates bad debts to be 2% of accounts receivable. (Round all calculations to the nearest whole dollar and show your calculations.)