Montreal Inc. had $2.75 million in credit sales during the current year. The balance of the allowance for doubtful accounts at Dec 31 is $2,500 debit on Dec 31 Cakulate the bad debt expense estimate for the current year using the aging of accounts receivable data given below as of Dec 31. Also write the journal entry to record the bad debt expense Account Classification Amount 1-30 days 31-60 days 61.90 days Over 90 days $350,000 180,000 55,000 21,000 Estimated Uncollectible Amount Uncollectible 1.5% 3% 5% 2596