fellas co uses the aging of accounts receivable approach to estimate bad debt expense. On December 31, 2021, an analysis of accounts receivable revealed the following:

Aging Analysis

Not due:	98,000	1%
1 to 30	27,000	4%
Over 60	7,000	50%

Given that the balance in the Allowance for doubtful accounts at the beginning of the year was a 5,000 credit, calculate the amount of the adjusting entry for Bad debts expense on December 31.