On January 1, 2009, Hungryman, Inc., has the following balances for accounts receivable and allowance for doubtful accounts:
Accounts Receivable ................ $363,000
Allowance for Doubtful Accounts (a credit balance) ..... 44,000
During 2009, Hungryman had $3,100,000 of credit sales, collected $2,915,000 of accounts receivable, and wrote off $50,000 of accounts receivable as uncollectible. At year end, Hungryman performs an aging of its accounts receivable balance and estimates that $15,000 will be uncollectible.

Required:
1. Calculate Hungryman’s preadjustment balance in accounts receivable on December 31, 2009.
2. Calculate Hungryman’s preadjustment balance in allowance for doubtful accounts on December 31, 2009.
3. Prepare the necessary adjusting entry for 2009.