The following information is for WATCHOUT2 Company: $ Accounts Receivable, January 1st Allowance for Doubtful Accounts, January 1st Credit Sales during the year Credit Sales Returns during the year Accounts written off during the year 75,000 8,000 600,000 25,000 3,000 WATCHOUT2 uses the percentage of receivables method of estimating uncollectible accounts. Based on past history, WATCHOUT believes 3% is a good estimate. Based on only this information, what is the amount that should be included in the adjusting entry to record uncollectible accounts