In its 2014 financial report, Unsound Limited reported the following items: 1. A credit balance of $200,000 in Allowance for Doubtful Accounts. 2. A debit balance of $7,500,000 in Accounts Receivable. 3. Sales of S3,250,000 During 2014, the company was involved in the following transactions that affected Allowance for Doubtful Accounts. 1. Wrote off accounts considered uncollectible totaling $195,000. 2. Recovered S45,000 that had previously been written off. Assume that historically 5% of sales has proven to be uncollectible. Compute the December 31, 2013 balance in Allowance for Doubtful Accounts, and show all journal entries related to the allowance account for 2014