The Accounts Receivable balance for Lantana, Inc. at December 31, 2023, was $27,000. During 2024, Lantana eamed revenue of $453,000 on account and collected $321,000 on acoount. Lantana wrote off $6,000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable Read the teguirements. Requirement 1. Assume Lantana had an unadjusted $2,300 credit balance in Allowance for Bat Debts at December 31, 2024. Journalize Lantana's December 31. 2024 , adpustment to reoord bad debts expense using the percent-of-recelvables method. (Record debits first, then credits. 5 elect the explanation on the last line of the iovimol notry table)