At the beginning of the year, Accounts Receivable were $32,000 and the Allowance for Bad Debts account balance was $4,000. During the yeat, 5a les tall on accounti were $8,000 greater than cash collections, bad debts expense totaled $2,000. and $1,500 of accounts receivable were witten off as bad debts. The balance at the end of the year for the Alowance for Bad Debts account was: Mistiple thoice 53000 54,500 512500