Siamese Corp.s account balances at December 31, 2020, included Accounts Receivable, $360,000 debit; Allowance for Doubtful Accounts, $400 debit. Sales during 2020 were $920,000. It is estimated that 2% of sales will be uncollectible. The required adjusting entry would include a credit to the allowance account for

$7,200.

$14,400.

$18,400.

$15,300.