20. As of January 1, 2021, Farley Co. had a credit balance of $528,000 in its allowance for uncollectible accounts. Based on experience, 4% of Farley's credit sales have been uncollectible. During 2021, Farley wrote off $640,000 of accounts receivable. Credit sales for 2021 were $18,600,000. In its December 31, 2021, balance sheet, what amount should Farley report as allowance for uncollectible accounts?

21. As of January 1, 2021, Barley Co. had a credit balance of $537,000 in its allowance for uncollectible accounts. Based on experience, 3% of Barley's gross accounts receivable have been uncollectible. During 2021, Barley wrote off $667,000 of accounts receivable. Barley's gross accounts receivable as December 31, 2021 is $18,850,000. In its December 31, 2021, balance sheet, what amount should Barley report as allowance for uncollectible accounts?