Bramble Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Bramble's Accounts Receivable account was $585,400 and Allowance for Doubtful Accounts had a credit balance of $ 41,390. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below Probability of Collection Amount Days Account Outstanding Less than 16 days Between 16 and 30 days Between 31 and 45 days Between 46 and 60 days Between 61 and 75 days Over 75 days 310,900 116,500 82,000 41,700 19,800 14,500 0.96 0.90 0.86 0.81 0.59 0.00 Assume that accounts with a zero percent chance of collection are intended to be written off. Your answer is correct What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Balance for Allowance for Doubtful Accounts 51607