ABC Company has the following information related to its accounts receivable and bad debts:

• Total accounts receivable as of January 1, 2023: $50,000
• Sales during the year: $500,000
• Collection of accounts receivable during the year: $470,000
• Bad debts written off during the year: $5,000
• Estimated uncollectible accounts at year-end: 1% of accounts receivable

Assuming that ABC Company uses the allowance method to account for bad debts, calculate the ending balance of accounts receivable, the bad debt expense, and the balance in the allowance for doubtful accounts as of December 31, 2023.