The trial balance before adjustment of Skysong, Inc. shows the following balances: Dr. Cr. Accounts receivable Allowance for doubtful accounts1,950 Sales revenue (all on credit) Sales returns and allowances28,600 $104,200 $700,000 Give the entry for bad debt expense for the current year assuming historical records indicate that, based on accounts receivable aging, the following percentages will not be collected: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Percentage Estimated 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding Over 90 days outstanding Balance $37,400 46,000 12,400 8,400 to Be Uncollectible 196 6% 12% 18% Account Titles and Explanation Debit Credit Give the entry for bad debt expense for the current year assuming allowance for doubtful accounts is $1,950 but it is a credit balance and the allowance should be 3% of gross accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manual If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit