12. Khaled Company provides for bad debts expense at the rate of 4% of credit sales. The following data are available for 2011: Allowance for doubtful accounts 1/1/11 (Cr.) $ 12,500 Accounts written off as uncollectible during 2011 9,500 Credit sales in 2011 1,250,000 The balance for Allowance for doubtful accounts, 31/12/11 (Cr.) (2 points) The value must be a number