Vaughn Manufacturing has accounts receivable of $97,900 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,951 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of- receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below. Age of Accounts Current 1-30 days past due 31-90 days past due Over 90 days past due Balance, March 31 2022 2021 $69,000 $80,200 12,000 7,260 9,900 2,500 7,000 1,060 $97,900 $91,020 Estimated Percentage Uncollectible 2 % 5 30 50 Prepare the adjusting entry at March 31, 2022, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Uncollectible Account Expense Allowance for Doubtful Accounts