In its first year of operations, Cloudbox has credit sales of $236,000. Its year-end balance in accounts receivable is $13,600, and the company estimates that $3,300 of its accounts receivable is uncollectible. Prepare the year-end adjusting entry to estimate bad debts expense. Prepare the current assets section of Cloudboxs classified balance sheet assuming Inventory is $31,000, Cash is $23,000, and Prepaid Rent is $3,900. Note: The company reports Accounts receivable, net on the balance sheet