O Crimson Inc. recorded credit sales of $734,000, of which $500.000 is not yet due. $180,000 is past due for up to 180 days, and $54.000 is past due for more than 180 days. Under the aging of receivables method. Crimson Inc. expects it will not collect 2% of the amount not yet due, 20% of the amount past due for up to 180 days, and 25% of the amount past due for more than 180 days. The allowance account had a debit balance of $1500 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Multiple Choice $61.000 $59,500 $60,600 $10,000