Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net" Sales on the Multi-step Income Statement for the period ending 12/31/xx? Adjusted Trial Balance As of 12/31/20xx Accounts Normal Account Balance Cash LEE $25,496 Accounts Receivable 24,500 Allowance for Uncollectible 3,000 Accounts Inventory Accounts Payable 10,000 Common Stock 50,000 Retained Earnings 10,000 Service Revenue 75,000 Sales Discounts 1,166 Cost of Goods Sold 50.110 Salaries Expenses et 5.130 Interest Expense 14.000 Income Tax Expense 3.000 35.000 T L Using the % of aging-of-accounts receivable to estimate uncollectible accounts, The Valley Corporation estimates a target balance of $8,638 of its total accounts receivable that will be uncollectible. Prior to adjustment, the Allowance for Uncollectible accounts has a credit balance of $3,000. When recording the journal entry to make this adjustment, what is the amount of the debit for bad debt expense? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc.. just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123