The following information was abstracted from the records of Sydney Corporation: Accounts receivable, December 31, 2015............................................$1,160,000 Allowance for bad debt before adjustment, December 31, 2015 ..... 36,000 (dr.) Sales (2015).......................................................................................... 4,360,000 Sales discounts (2015).......................................................................... 36,000 Sales returns and allowances (2015) .................................................... 54,000 Prepare the adjusting entry for Bad Debt expense under each of the following assumptions: a. 3 percent of outstanding accounts receivable are uncollectible. b. An aging schedule of the accounts shows that $44,600 of the accounts are uncollectible.