Swathmore Clothing Corporation grants its customers 30 days' credit. The company uses the allowance method for its uncollectible accounts receivable. During the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. At the fiscal year-end of December 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly.  At the end of 2015, accounts receivable were $582,000 and the allowance account had a credit balance of $46,000. Accounts receivable activity for 2016 was as follows:     Beginning balance $ 582,000  Credit sales  2,660,000  Collections  (2,523,000)  Write-offs  (43,000)   Ending balance $ 676,000    The company's controller prepared the following aging summary of year-end accounts receivable:    Summary   Age Group  Amount Percent Uncollectible  0-60 days $ 390,000 3 % 61-90 days  93,000 13  91-120 days  53,000 23  Over 120 days  140,000 34     Total $ 676,000       Required: 1. Prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)     2. Prepare the necessary year-end adjusting entry for bad debt expense.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)      3-1. What is total bad debt expense for 2016?       3-2. How would accounts receivable appear in the 2016 balance sheet?