At the beginning of 2015, Peter Dots has the following ledger balances:

During the year, credit sales amounted to $800,000. Cash collected in credit sales amounted to $760,000 and $18000 has been written off. At the end of the year the company adjusted for bad debts exoense using the percent of sales method and applied a rate based on the past history of 2.5%. The ending balance of accounts receivable would be: