3.Waterway Co. provides for doubtful accounts based on3% of gross accounts receivable, The following data are available for 2020.

Credit sales during 2020$1,731,800Bad debt expense

57,960Allowance for doubtful accounts 1/1/2016,450Collection of accounts written off in prior years (customer credit was reestablished)7,750Customer accounts written off as uncollectible during 202032,200

What is the balance in Allowance for Doubtful Accounts at December 31, 2020?

Allowance for doubtful accounts 12/31/20