In 2022 the Oriole Company had net credit sales of $980000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $22700. During 2022, $33800 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 15% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $238000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022?

$35700.

$46800.

$58400.

$33800.