In 2022 the Cooper Company had net credit sales of $1,010,000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $23,000. During 2022, $34,100 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 5% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $241,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022? O $35,050. O $34,100. O $23,150. O $12,050.