Mewl Company has outstanding accounts receivable of $ 2.54 million as of Dember 31 and sales on credit of $ 12.8 million. The company also has a debit balance of $ 6000 in allowance for doubtful accounts. If the company estimates that 1% of its net credit sales will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?