Tolley Corp.'s trial balance indicates the following select account balances at the end of 20X2 before the year-end adjustment to record bad debts: Account Debit Credit Accounts Receivable - 12/31/X2 $900,000 Allowance for Doubtful Accounts - 12/31/X2 $ 10,000 Sales Revenue 50,000 Sales Discounts Estimated Sales Returns and Allowances 140,000 0 Cost of Goods Sold Bad Debts Expense - 1/1/X2 assume that the company uses the percentage of accounts receivable method, and it estimates that 2% of its total accounts receivable balance is uncollectible on 12/31/X2. Required: Prepare the 12/31/X2 adjusting journal entry to record estimated bad debts expense for 20X2