Question 19 THE Company uses the net credit sales method to estimate bad debt expense and has estimated that 3.5% of its credit sales will be uncollectible. During 2021, THE Company reported net credit sales of $533,000 and collected a total of $491,000 cash from its credit customers. Also during 2021, THE Company wrote off $20,000 of accounts receivable as being uncollectible and recorded recoveries of previously written off accounts receivable totaling $10,000. At January 1, 2021, THE Company had an allowance for doubtful accounts with a $15,000 credit balance. Calculate the balance in the allowance for doubtful accounts at December 31, 2021