Chen Company's account balances at December 31, 2014 for Accounts Receivable and the Allowance for Doubtful Accounts are

$480,000 debit and $900 credit. Sales during 2014 were $1,650,000. It is estimated that 1% of sales will be uncollectible. The

adjusting entry would include a credit to the allowance account for

		$17,400.
		$16,500.
		$15,600.
		$4,800.