Wilton, Inc. had net sales in 2015 of €1,400,000. At December 31, 2015, before adjusting entries, the balances in selected accounts were Accounts Receivable €250,000 debit, and Allowance for Doubtful Accounts €2,400 credit. If Wilton estimates that 2% of its net sales will prove to be uncollectible, prepare the December 31, 2015, journal entry to record bad debt expense.