Hubert Companys sales on credit during the year was $12.8 million. There is a debit balance of $6,000 in the allowance for doubtful accounts. If the company estimates that 1% of its credit sales will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?

Group of answer choices

$134,000

$122,000

$31,400

$25,400