In its first year of operations, Cloudbox has credit sales of $208,000. Its year-end balance in accounts receivable is $10,800, and the company estimates that $1,900 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 $24,000, Cash is $16,000, and Prepaid Rent is $3,200. 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 current assets section of Cloudbox's classified balance sheet assuming Inventory is $24,000, Cash is $16,000, and Prepaid Rent is $3,200. Note: The company reports Accounts receivable, net on the balance sheet. CLOUDBOX Balance Sheet Assets Current assets Accounts receivable, net Cash 16,000 Total current assets $ 16,000