Shasta, lnc.'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) Flag question: Question 1 Question 10.5 pts What is the amount of the adjusting entry to estimate the bad debt expense assuming that 3% of the credit sales are estimated to be uncollectible? Bad Debt Expense: 33600 Flag question: Question 2 Question 20.5 pts What is the new credit balance in the Allowance for Doubtful Accounts after the adjusting entry is posted? Allowance for Doubtful Accounts balance: 33600