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On December 31, 2022. Costa Colfee reported the following information on its balance sheet: During 2023, the Company had the following transactions related to receivables:

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On December 31, 2022. Costa Colfee reported the following information on its balance sheet: During 2023, the Company had the following transactions related to receivables: If bad debts are estimated to be 2.5% of credit sales, determine the ending balance in the Allowance for Doubtful Accounts after adjustments: $68,250$198,250$82,250$140,250$86,250

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