Novak Corporation has conducted a year-end review of its outstanding accounts receivable and has determined the following information at December 31, 2023: Outstanding Balance Percentage Estimated to be Uncollectible 0-30 days outstanding $68,600 2.0% 31 60 days outstanding 29,400 4.0% 61 90 days outstanding 14,700 8.0% 91 120 days outstanding 4,900 18.0% Over 120 days outstanding 2,000 25.0% Novak follows ASPE. (a) Calculate the required balance for the allowance for doubtful accounts account. Balance required for the allowance for doubtful account +A $