Ladd Company provided the following information for the current year: Allowance for doubtful accounts - January 1 Sales Sales returns and allowances Sales discounts Accounts written off as uncollectible 180,000 9,500,000 800,000 200,000 200,000 The entity provided for doubtful accounts expense at the rate of 3% of net sales. What is the allowance for doubtful accounts at year-end? Select the correct response: 265,000 241,000 435,000 235,000