On December 31, 2017, Toro 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: Age of Accounts Receivable Not due (under 30 days) 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due December 31, 2017 Uncollectible 1.25% $1.700,000 803,000 172,000 11,000 27,000 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. for doubtful accounts Required 1. Calculate the amount that should appear in the December 31, 2017, balance sheet as the allowance for doubtful accounts. 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 journa View transaction list Journal entry worksheet 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal