In 2022 Novak Corp. had net credit sales of $2420000. On January 1, 2022, Allowance for Doubtful Accounts had a credit balance of $51000. During 2022, $85000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $740000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022? $85000 $74000 $108000 $39000