On December 31, Grubbs Company has the following account balances. Assuming Grubbs estimates 2.5% of its net credit sales will be result in uncollectible accounts, under the percentage of sales method (income statement method), create the adjusting fournal entry for bad debt expense for the peridit. (Do not abbreviate account names, For amounts, use commas, do not use decimals/cents, do not we dollar sisns) DR CR [Amount]