On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $98,200; Allowance for Doubtful Accounts, credit balance of $1,061. What amount should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible? $2,946. $993. $1,061. $1,885. $4,007.