At January 1, 2011, Harley Co. had a credit balance of $520,000 in its allowance for uncollectible accounts. Based on past experience, 2 percent of Harley's credit sales have been uncollectible. During 2011, Harley wrote off $650,000 of accounts receivable. Credit sales for 2011 were $18,000,000. In its December 31, 2011 balance sheet, what amount should Harley report as allowance for uncollectible accounts? r\" $230,o on r\" $3501) on r $590,0 on r $880,0I 00