On December 31, 2022, Ace Hardware reported the following information on its balance sheet Accounts Receivable Allowance for Doubtful Accounts $900,000 $54,000 (credit) During 2023, the Company had the following transactions related to receivables: Sales on Account Collections on Account Write-offs of uncollectible accounts $3,000,000 $2,850,000 $60,000 Recovery of previously written off accounts $12,000 If bad debts are estimated to be 1.5% of credit sales, determine the ending balance in the Allowance for. Doubtful Accounts after adjustment, at the end of 2023: $51,000 $39,000 $63,000 $45,000 $49,500