As of January 1, 2024, Farley Company had a credit balance of $525,000 in its allowance for uncollectible accounts. Based on experience, 2% of Farley's credit sales have been uncollectible. During 2024 , Farley wrote off $649,000 of accounts receivable. Credit sales for 2024 were $18,200,000. In its December 31 , 2024, balance sheet, what amount should Farley report as allowance for uncollectible accounts