ReceivablesBad Debts At January 1, 2019, the credit balance in Master Company's Allowance for Doubtful Accounts was $400,000. For 2019, the provision for doubtful accounts is based on a percentage of credit sales. Credit sales for 2019 were $50,000,000 (assume that all of Master's sales are credit sales). Based on the latest available facts, the 2019 provision for doubtful accounts is estimated to be 0.7% of credit sales. During 2019, uncollectible receivables amounting to $410,000 were written off against the allowance for doubtful accounts. Required: Prepare a schedule computing the balance in Master's Allowance for Doubtful Accounts at December 31, 2019. Show supporting computations in good form. Descriptions will not be graldea. MASTER COMPANY Computation of Allowance for Doubtful Accounts December 31, 2019 Balance at January 1, 2019 Balance at December 31, 2019