Wilton, Inc had net sales on 2012 of $1,400,000. At December 31, 2012, 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 net sales will prove to be uncollectible, prepare the December 31, 2012, journal entry to record bad debt expense.