Shasta, Inc's unadjusted trial balance shows the following balances: Accounts Receivable $220,000; Allowance for Doubtful Accounts $(12,000) Sales $980,000 (of which $720,000 were Credit Sales) Question 1 0.5 / 0.5 pts What is the amount of the adjusting entry to estimate the bad debt expense assuming that an aging analysis estimates that $26,000 of the Accounts Receivables are deemed uncollectible? Bad Debt Expense: 14000 IncorrectQuestion 2 0 / 0.5 pts What is the new credit balance in Allowance for Doubtful Accounts after the adjusting entry is posted? Allowance for Doubtful Accounts balance: 38000