Cabreja Chan Supermarkets calculates bad debt expense at 0.20% of sales on account. The balance sheet shows accounts receivable and allowance for uncollectible accounts of $480,000 and $1,470 respectively, at December 31, 2020. For the year 2021, Cabreja Chan's sales on account and collections were $330,000 and $315,000, respectively, and $1,840 in receivables were written off. What will the company report in its allowance for uncollectible accounts at December 31, 2021:

Multiple Choice

• $940.

• $195.

• $290.

• $1,175.

Wang Goding Aw Clothier sells vintage clothes that are subject to a great deal of price fluctuation. A recent item that cost $21.60 was marked up $13.60, marked down for a sale by $6.10 and then had a markdown cancellation of $3.80. The final selling price is:

Multiple Choice

• $28.78.

• $39.00.

• $32.90.

• $27.70.