[The following information applies to the questions displayed below.) Jarden Company has credit sales of $2,600,000 for year 2018. On December 31, 2018, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $17,396. Jarden prepares a schedule of its December 31, 2018, accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here. December 31, 2018 Accounts Receivable $ 520,000 208,000 41,600 20,800 4,160 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Expected Percent Uncollectible 1.005 1.75 6.25 31.50 65.00 2. Prepare the adjusting entry to record bad debts expense at December 31, 2018