Paul Anchor, Incorporated estimated that bad debt expense would equal 4% of the ending balance of accounts receivable for the current year. This year's ending balance of accounts receivable amounted to $2,500,000. There was a $69,000 debit balance in the allowance for uncollectible accounts prior to the year-end adjustment. Prepare the adjusting journal entry to record the bad debt provision for the current year. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Current Year