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Deacon Company reported accounts receivable and allowance for uncollectible accounts of $474,000 and $1,500, respectively, at December 31,2020 and estimates bad debt expense at 0.40%

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Deacon Company reported accounts receivable and allowance for uncollectible accounts of $474,000 and $1,500, respectively, at December 31,2020 and estimates bad debt expense at 0.40% of credit sales. During 2021. Deacon Company's credit sales and collections were $325,000 and $299,000, respectively, and $1,820 in accounts receivable were written off. Deacon Company's accounts receivable at December 31,2021 , are: $474,180$470,180$500,000$498,180

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