Parcau Company has accounts receivable of 95,400 at March 31, 2012. An analysis of the accounts shows these amounts. Month during which the sale was made March February Balance, March 31 2012 65,000 12,900 December and January 10,100 November and October 8 Credit terms are 2/10, n/30. 7,400 At March 31, 2012, there is a 2,100 debit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage of receivable basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Age of Accounts Estimated Percentage Uncollectible Current (not overdue) 2% 1-30 days past due 5% 31-90 days past due 30% Over 90 days past due 50% Instructions (a) Calculate the total estimated uncollectibles. (b) Prepare the adjusting journal entry at March 31, 2012, to record bad debts expense