Blue Corporation operates in an industry that has a high rate of bad debts. Before any year-enid adjustments, the balance in Blue's Accounts Receivable account was $602,100 and Allowance for Doubtful Arcounts had a credit balance of $40,390. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. (a) What is the appropriate balance for Allowance for Doubtful Accounts atyear-end? Balance for allowance for doubtful accounts