Wilton, Inc. had net sales in 2014 of $1,472,100. At December 31, 2014, before adjusting entries, the balances in selected accounts were: Accounts Receivable $318,400 debit, and Allowance for Doubtful Accounts $4,040 credit. Assume that 11% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense.