On December 31, 2019, cash sales for the year were $3,300,000, credit sales for the year were $2,500,000. If credit losses are estimated at 2% of credit sales: On December 31, 2019, cash sales for the year were $3,300,000, credit sales for the year were $2,500,000. If credit losses are estimated at 2% of credit sales: The balance of the Allowance for Doubtful Accounts will be increased by $38,000. The balance of the Allowance for Doubtful Accounts will be increased by $116,000. The balance of the Allowance for Doubtful Accounts will be increased by $66,000. The balance of the Allowance for Doubtful Accounts will be increased by $50,000.