A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $185,700 and Allowance for Doubtful Accounts of $1,000 (credit balance). The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end:

Account Age	Balance	Estimated Uncollectible Percentage
Current (not yet due)	$96,000	1.0%
1-30 days past due	64,000	2.5%
30-60 days past due	16,000	11.0%
61-90 days past due	6,500	35.0%
Over 90 days past due	3,200	70.0%
Total	$185,700

Calculate the amount of the Allowance for Doubtful Accounts (the desired ending balance in this contra-asset account) that should appear on the December 31, of the current year, balance sheet. You must show how you calculated the number(s) to receive credit. Hint: This number should be a number between $8,500 and $9,000. (1 point)