Headland Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Headland's Accounts Receivable account was $585,400 and Allowance for Doubtful Accounts had a credit balance of $42,510. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Probability of Days Account Outstanding Less than 16 days Between 16 and 30 days Between 31 and 45 days Between 46 and 60 days Between 61 and 75 days Over 75 days (to be written off) Amount $313,200 112,600 85,600 42,400 18,100 13,500 0.98 0.90 0.86 0.81 0.55 0.00 What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Balance for Allowance for Doubtful Accounts $ Show how accounts receivable would be presented on the balance sheet. HEADLAND CORPORATION Balance Sheet (Partial) What is the dollar effect of the year-end bad debt adjustment on the before-tax income? Dollar effect of the year-end bad debt adjustment $