Kolker Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $150,000 , and management estimates 1% will be uncollectible. Kolker Company's balance of Allowance for Uncollectible Accounts after adjustments, was $ 5,000. The following year, Kolker Company wrote off $3,000 of old receivables as uncollectible.

What is the balance in the Allowance account now?