Innovations Corp (C) uses the percentage of credit sales method to estimate bad debts each month and then uses the aging method at year-end. During November 2014, IC sold services on account for $104,000 and estimated that of one percent of those sales would be uncollectable. At its December 31 year-end, total Accounts Receivable is $97,500, aged as follows: (1) 1 to 30 days old, $79,500; (2) 31 to 90 days old, $12,800, and (3) more than 90 days old, $5,200. Experience has shown that for each age group. the average rate of uncollectability is (1) 1 percent, (2) 15 percent, and (3) 40 percent, respectively. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $2,080 credit balance at December 31, 2014. ces Required: 1. Prepare the November 2014 adjusting entry for bad debts (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet