At the end of the first year of operations, Mayberry Advertising had accounts receivable of $22,000. Management of the company estimates 12% of the accounts will not be collected. Determine the financial statement effects of establishing an allowance for uncollectible accounts. Note: Amounts to be deducted should be indicated by a minus sign. Assets Accounts Receivable, net (2,640) Balance Sheet Stockholders' Equity Liabilities Revenues Common Stock Retained Earnings $ 0