Kingbird Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Kingbird's Accounts Receivable account was $591,900 and Allowance for Doubtful Accounts had a credit balance of $44,990. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Probability of Collection Days Account Outstanding Amount Less than 16 days $314,500 0.98 Between 16 and 30 days 112.400 0.90 Between 31 and 45 days 85,000 0.86 Between 46 and 60 days 44,200 0.79 Between 61 and 75 days 19,900 0.55 Over 75 days (to be written off) 15,900 0.00 (a) Your answer is incorrect. What is the appropriate balance for Allowance for Doubtful Accounts at year-end? Balance for Allowance for Doubtful Accounts $ e Textbook and Media Save for Later Attempts: 3 of 4 used Submit