Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts Debit Credit $68,000 $ 1,100 482,000 12,000 Required: a. Assume that Demron estimates uncollectible accounts as 4% of receivables. Prepare the adjusting entry required on December 3- 2023, to estimate uncollectible receivables