Cullumber Co. uses an aging schedule to determine its estimated uncollectible accounts at December 31. Complete the following schedule.

Number of Days Outstanding		Accounts Receivable				Estimated % Uncollectible				Estimated Uncollectible Accounts
030 days			$227,500				1%			$
31-60 days			70,000				4%
61-90 days			35,000				10%
Over 90 days			17,500				20%
Total			$350,000							$

Determine the required balance in the Allowance for Doubtful Accounts and the carrying amount of the accounts receivable.

Allowance for doubtful accounts		$
Carrying amount		$