4. Charlie Parker Construction Incorporated uses the aging method for estimating uncollectible accounts. On January 1, 2015, Accounts Receivable had a debit balance of $850,000, and Allowance for Uncollectible Accounts had a credit balance of $41,000. During the year, the company had net sales on account of $8,500,000, net cash sales of $1,400,000, accounts written off of $44,000, and cash collections from credit customers of $8,300,000. As part of the fiscal year end adjusting procedures on December 31, 2015, the company performs an aging of its Accounts Receivable and finds: Total $1,006,000 % Uncollectible Not Due $800,000 3% 1 - 30 $140,000 15 31 - 60 $40,000 30 61 - 90 $26,000 40 a. Provide the journal entry needed to record Bad Debt Expense for the fiscal year ended December 31, 2015. b. Show the Accounts Receivable and Allowance for Uncollectible Accounts T-accounts and the ending balances in each after adjustments