The accounts receivable subsidiary ledger of Besao Corporation shows the following information: Customer 12/31 Account Balance Invoice Date Amount Maybe, Inc. P1 40, 720 12/06 P56,000 11/29 84,720 Perhaps, Co. 83,680 09/02 48,000 08/20 35,680 Pwede Corp. 122, 400 12/08 80,000 10/25 42,400 Perchance Co. 180,560 11/17 92,560 10/09 88,000 Possibly Co. 126,400 12/12 76,800 12/02 49,600 Luck, Inc. 69,600 09/12 69,600 Total P723,360 P723,360 The estimated bad debtsrate below are based on the Corporation's receivable collection experience. Age of accounts Rate 0-30 days 1% 31-60 days 1.5% 61-90 days 3% 91-120 days 10% Over 120 days 50% The Allowance for Doubtful Accounts had a credit balance of P14,000 on December 31, 2016, before adjustment. The adjusting journal entry to adjust the allowance for doubtful accounts as of December 31, 2016 will include a deb it to doubtful account expense of how much