Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $2,900 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31 , Year 1 . This analysis disclosed the following information: What is the oppropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, Year 1? Mutiple Choice $154,000 $2,360. Multiple Choice $154,000. $2,360. $78,000. $3,880