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Oriole Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Oriole's Accounts Receivable

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Oriole Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments, the balance in Oriole's Accounts Receivable account was $597,300 and Allowance for Doubtful Accounts had a credit balance of $43,900. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Probability of tstanding Amount Collection $315,100 0.98 O days 119,500 0.90 5 days 82,200 0.86 O days 44,800 0.82 5 days 21,300 0.56 e written off) 14,400 0.00

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