Maple Company provides for doubtful accounts expense at the rate of 3 percent of credit sales. The following data are available for last year:

Allowance for Doubtful Accounts, January 1 ............................. 54,000 (cr)

Accounts written off as uncollectible during the year .............. 60,000

Collection of accounts written off in prior years

(customer credit was re-established) ..................................... 15,000

Credit sales, year-ended December 31 ................................ 3,000,000

The allowance for doubtful accounts balance at December 31, after adjusting entries, should be