In 2011, the Rayan Co. had net credit sales of $375,000. On January 1, 2011, Allowance for 12 Doubtful Accounts had a credit balance of $15,000. During 2011, $25,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 9% of the balance in receivables (percentage of receivable basis). If the accounts receivable balance at December 31 was $120,000, what is the required adjustment to the Allowance for Doubtful ?Accounts at December 31, 2011 (2 (2 )