Clarissa Company has credit sales of $564,000 during 2019 and estimates at the end of 2019 that 2.5% of these credit sales will eventually default. Also, during 2019 a customer defaults on a $771 balance related to goods purchased in 2018. Prior to the write-off for the $771 default, Clarissa's accounts receivable and allowance for doubtful accounts balances were $402,000 and $129 (credit), respectively