A company recorded credit sales of $731,000, of which $560,000 is not yet due, $100,000 is past due for up to 180 days, and $71,000 is past due for more than 180 days. Under the aging of receivables method, the company expects it will not collect 5% of the amount not yet due, 18% of the amount past due for up to 180 days, and 28% of the amount past due for more than 180 days. The allowance account had a debit balance of $2,400 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Multiple Choice $68,280 $65,880 $64,980 $28,000