Not yet answered Marked out of 1.00 P Flag question Compute the balance of the allowance for doubtful accounts on December 31 . given: Credit sales during the year 3,450,000 Collection of accounts written off in prior periods 165,000 Worthless accounts written off during the year 189,000 Allowance for doubtful accounts, January 1 145,000 The company provides for doubtful accounts based on 1.5% of credit sales