Sheffield Corp. has outstanding accounts receivable totaling $1.77 million as of December 31 and sales on credit during the year of $5.80 million. There is a debit balance of $5600 in the allowance for doubtful accounts. If the company estimates that 2% of its accounts receivable will be uncollectible, what will be the balance in allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $41000. $35288. $35400. $29800.

record bad detit noyense