On December 31, 2017, bro Company's Allowance for Doubtful Accounts had an unadjusted credit balance of $35,000. The accountant for Toro has prepared a schedule of the December 31, 2017, accounts receivable by age and, on the basis of past experience, has estimated the percentage of the receivables in each age category that will become uncollectible. This information is summarized as follows: ecember 31,2017 ts Receivable Age of Accounts Receivable Not due (under 30 days) Expected Percentage $1,700,000 803,000 1.25% 1 to 30 days past due 172,000 111,000 27,000 31 to 60 days past due 61 to 90 days past due Over 90 days past due 2.00 6.50 33.00 68.00 Required: 1. Calculate the amount that should appear in the December 31, 2017, balance sheet as the allowance for doubtful accounts. 2. Prepare the journal entry to record bad debt expense for 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet te estimate for uncollectible accounts. er debits before credits. General Journal Debit Credit Clear entry