On December 31, 2018, Zale Company had an unadjusted debit balance of $1,000 in its allowance for uncollectible accounts. An analysis of Zale's trade accounts receivable at that date revealed the following:

Age		Amount					% Estimated Uncollectible
0-30 days		$	125,000				2%
31-60 days			34,000				5%
60-90 days			8,500				20%
Over 90 days			4,700				50%

Required:

a. Determine the amount Zale should report as allowance for uncollectible accounts in its December 31, 2018 balance sheet.

b. Prepare any necessary adjusting entry at December 31, 2018 related to this analysis.