Classic Auto Parts sells new and used auto parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During 2008, its first year of operations, Classic Auto Parts experienced the following:

Sales on Account	$266,800
Cash Sales	619,000
Collections of Accounts Receivable	253,460
Uncollectible accounts charged off during the year	1,394

Assume that Classic Auto Parts uses the direct write-off method of accounting for bad debts. What is the Accounts Receivable balance at December 31, 2008?