The unadjusted trial balance at year$-$end for a company that uses the percent of receivables method to determine its bad debts expense reports the following selected amounts:Accounts ReceivableAllowance for Doubtful AccountsNet Sales$ $436,000$ Debit$1,260$ Debit$2,110,000$ CreditAll sales are made on credit. Based on past experience, the company estimates $3\mathrm{.}0\%$ of ending accounts receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?Multiple ChoiceDebit Bad Debts Expense $$14,340$; credit Allowance for Doubtful Accounts $$14,340.$Debit Bad Debts Expense $$13,080$; credit Allowance for Doubtful Accounts $$13,080.$Debit Bad Debts Expense $$11,820$; credit Allowance for Doubtful Accounts $$11,820.$Debit Bad Debts Exense $$16\mathrm{.}330$: credit Allowance for Doubtful Accounts $$16\mathrm{.}330.$ debit bad debt expense $$6330$; Credit allowance for doubtful accounts $$6330.$