In 2022 the Tamarisk, Inc. had net credit sales of $940000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $22300. During 2022, $33400 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 $234000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022? O $22800. O $33400. O $11700. O $34000