The December 31, 2014 balance in the Accounts Receivable account for Initech, Inc. is $354,000, made up of the following partitions: A/R Balance Estimated % of Uncollectibles Age of Accounts 0-30 Days 162,000 1% 31-60 Days 145,000 5% 61-120 Days 21,000 20% More than 120 Days 26,000 60% 354,000 Based on prior experience, Initech estimates the percentage of total dollars from each group of receivables that will be uncollectible. For example, Initech estimates that 1.0% of all receivables outstanding between 0 and 30 days will be uncollectible. Initech's Allowance for Uncollectible Accounts balance was $35,700 at January 1, 2014 and the firm wrote off $23,000 worth of accounts during 2014. The firm records the Provision for Bad Debt Expense on 12/31/2014. REQUIRED: A. Calculate the firm's Net Accounts Receivable as shown on the December 31, 2014 Balance Sheet B. Provide the necessary journal entry to record Initech's Provision for Bad Debt Expense for the year ended December 31, 2014.