The trial balance before adjustment of Reba McIntyre Inc. shows the following balances: Dr. Cr. Accounts Receivable $180,000 Allowance for Doubtful Accounts $ 3,500 Sales (all on credit) $ 1,360,000 Required: Give the entry and prepare partial financial statements for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of; 8% of accounts receivable