In its first year of operations, Cloudbox has credit saies of $222,000. Its year-end balance in accounts receivable is $12,200, and the company estimates that $2,600 of its accounts recelvable 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 $27,500, Cash is $19,500, and Prepaid Rent is $3.550. Note. The company reports Accounts receivable, net on the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the year-end adjusting entry to estimate bad debts expense. Journal entry worksheet Record the year-end adjusting entry to estimate bad debts expense