Haley Corporation began operations on December 31, 2015. The controller for Haley Corporation is concerned about certain business transactions that the company detected during 2017. The transactions at issue are presented below. 1. The company has decided to switch from the direct write-off method in accounting for bad debt expense(a non-GAAP Method) to the percentage -of-sales approach on December 31,2017. Assume that Haley Crop has recognized bad debt expense as the receivables have actually become uncollectible in the following amounts: 2016 2017 From 2016 sales: 31800 20000 From 2017 sales: 45000 The controller estimates that bad debt expense based on the percentage-of-sales approach should be 54000 for 2016 and 83000 for 2017. Provide Journal Entries for 2017