Gardner Building Supplies, Ltd., gives you the following aged accounts receivable list at the end of the fiscal year: Age of Account % of Uncollectible (Days) Amount Accounts Receivable 0-30 $600,000 1% 31-60 200,000 3 61-90 100,000 20 Over 90 days 20,000 60 During the year, specific uncollectible accounts receivable written off totaled $41,000. An account of $2,700 that was written off in a previous year was collected during the current year. Total yearly credit sales for Gardner are $3,400,000. The balance in the Allowance for Doubtful Accounts at the beginning of the year was