he following information relates to a company$$s accounts receivable: gross accounts receivable balance at the beginning of the year, $$500,000$; allowance for uncollectible accounts at the beginning of the year, $$39,000($credit balance$)$; credit sales during the year, $$1,950,000$; accounts receivable written off during the year, $$30,000$; cash collections from customers, $$2,100,000.$ Assuming the company estimates that future bad debts will equal $12\%$ of the year$-$end balance in accounts receivable.