In 2023 Saxon Pty Ltd had net credit sales of $75 000. The Allowance for Doubtful Debts account has a balance at the start of the year of $1

000. At the end of the year, debts of $900 are to be written off and the company estimates that 1.5% of net credit sales will be uncollectible. If the Accounts receivable balance at 30 June 2023 is $25 000, what is the closing balance of the Allowance for Doubtful debts to be reported on the Balance sheet at 30 June 2023?