QUESTION 6 Bale Company estimates the allowance for oncolectible accounts at 3% of the ending balance of accounts receivable. During 2021, Bale's credit sales and collections were $125,000 and $131,000, respectively. What was the balance of accounts receivable on January 1, 2021, $180 in accounts receivable were written off during 2021 and the allowance account had a balance of $750 on December 31, 2021? 55,820 $31,000 $31,180 $37,180