Company began operations on january 1, 2015. during its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. these transactions are summarized as follows. 2015 sold $1,349,400 of merchandise (that had cost $977,400) on credit, terms n/30. wrote off $21,100 of uncollectible accounts receivable. received $666,700 cash in payment of accounts receivable. in adjusting the accounts on december 31, the company estimated that 2.30% of accounts receivable will be uncollectible. prepare journal entries to record liang’s 2009 and 2010 summarized transactions and its year-end adjustments to record bad debts expense. (round amount to the nearest dollar.)