At the end of 2025 , Oriole Company has accounts receivable of $944,000 and an allowance for doubtful accounts of $47,200. On January 16,2026 , Oriole Company determined that its receivable from Ramirez Company of $7,080 will not be collected, and management authorized its write-off. Prepare the journal entry for Oriole Company to write off the Ramirez receivable.