(b) Prepare the adjusting entry at March 31, 2017, to record bad debt expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Coronado Industries has accounts receivable of $89,200 at March 31, 2017. Credit terms are 2/10, n/30. At March 31, 2017, there is a $2,151 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. Balance, March 31 Estimated Percentage Age of Accounts 2017 2016 Uncollectible $60,400 $80,160 2% Current 1-30 days past due 31-90 days past due 8,610 5 12,000 10,200 2,400 31 6,600 1,070 48 Over 90 days past due_ $89,200 $92,240