(14 pts) On December 31, 2020, Murray Company has an accounts receivable balance of $464,000, which can be broken down according to the aging schedule shown below. During 2020, Murray Company had total sales of $820,000, of which 75% were made on credit and 25% were made in cash. The balance in allowance for doubtful accounts was $20,000 on January 1, 2020. Based on historical data, Murray Company estimates a bad debt loss rate of 5% of credit sales. On November 15, 2020, the company wrote off $13,000 of receivables as uncollectible; however, on November 29, 2020, the company unexpectedly recovered $5,200 (in cash) of these previously written-off receivables. Days Past Due Not Yet Due 0 90 Days Past Due Over 90 Days Past Due Amount Receivable 251,000 160,000 53,000 Percentage Uncollectible 2% 5% 8% D Use the foregoing information to answer each of the following questions. (4 pts) Continue to assume that Murray Company uses the percentage of credit sales method to calculate bad debt expense. Please indicate the ending balance in the allowance for doubtful accounts that would be reported on Murray Company's December 31, 2020 balance sheet