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In its first year of operations, Cloudbox has credit sales of $216,000. Its year-end balance in accounts receivable is $11,600, and the company estimates that $2,300 of its accounts receivable is uncollectible. a. Prepare the year-end adjusting entry to estimate bad debts expense. b. Prepare the current assets section of Cloudbox's classified balance sheet assuming Inventory is $26,000, Cash is $18,000, and Prepaid Rent is $3,400. Note: The company reports Accounts receivable, net on the balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the year-end adjusting entry to estimate bad debts expense. View transaction list Journal entry worksheet