Ivanhoe Company has accounts receivable of $95,500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,296 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Balance, March 31 Age of Accounts Current Estimated Percentage Uncollectible 2 % 1-30 days past due 31-90 days past due Over 90 days past due 2022 $66,400 12,600 9,100 7,400 2021 $68,240 7,280 2,540 1,090 5 28 48 $95,500 $79,150 Determine the total estimated uncollectibles at March 31, 2022. Total estimated uncollectibles $ LINK TO TEXT LINK TO VIDEO Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit