In its first year of operations, Cloudbox has credit sales of $232,000. Its year-end balance in accounts receivable is $13,200, and the company estimates that $3,100 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 $30,000, Cash is $22,000, and Prepaid Rent is $3,800. 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. Note: Enter debits before credits