QUESTION 19 In 2016, Yale Company had credit sales of $1,050,000 and granted sales discounts of $25,000. On January 1. 2016, Allowance for Doubtful Accounts had a credit balance of $26,400. During 2016, $43,000 of uncollectible accounts receivablo were written off. Past experience indicates that 5% of net credit sales become uncollectible. What should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 2016? a. $26,400 b. 549,350 c. $34,650 d. $51,250