Cullumber Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Cullumber's Accounts Receivable account was $599,400 and Allowance for Doubtful Accounts had a credit balance of $44,570. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below.

What is the appropriate balance for Allowance for Doubtful Accounts at year-end?

Days Account Outstanding		Amount			Probability of Collection
Less than 16 days		$315,900			0.97
Between 16 and 30 days		116,300			0.90
Between 31 and 45 days		89,800			0.86
Between 46 and 60 days		41,300			0.78
Between 61 and 75 days		20,700			0.54
Over 75 days (to be written off )		15,400			0.00