Concord Corporation had record sales in 2020. It began 2020 with an Accounts Receivable balance of $490,000 and an Allowance for Doubtful Accounts of $36,000. Concord recognized credit sales during the year of $6,665,000 and made monthly adjusting entries equal to 0.5% of each months credit sales to recognize bad debt expense. Also during the year, the company wrote off $36,500 of accounts that were deemed to be uncollectible, although one customer whose $4,300 account had been written off surprised management by paying the amount in full in late September. Including this surprise receipt, $6,530,000 cash was collected on account in 2020. To assess the reasonableness of the allowance for doubtful accounts, the controller prepared the following aged listing of the receivables at December 31, 2020:

Days Account Outstanding		Amount		Probability of Collection
Less than 16 days		$313,300		98%
Between 16 and 30 days		120,000		91%
Between 31 and 45 days		79,000		80%
Between 46 and 60 days		37,800		71%
Between 61 and 75 days		18,400		52%
Over 75 days		24,300		0%
		$592,800

Prepare the adjusting entry to bring the Allowance for Doubtful Accounts to its proper balance at year end???

What is the dollar effect of the year-end bad debt adjustment on the before-tax income $. ?

The year-end bad debt adjustment would decrease before-tax income $ ?