As of January 1, 2021, Barley Co. had a credit balance of $529,000 in its allowance for uncollectible accounts. Based on experience, 2% of Barley's gross accounts receivable have been uncollectible. During 2021, Barley wrote off $659,000 of accounts receivable. Barley's gross accounts receivable as December 31, 2021 is $18,450,000. In its December 31, 2021, balance sheet, what amount should Barley report as allowance for uncollectible accounts?

Multiple Choice

• $898,000.

• $499,000.

• $369,000.

• $239,000.