On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $98,200; allowance for doubtful accounts, credit balance of $1,061. what amount should be debited to bad debts expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible