Skylar Corporation uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $5,000,000, and management estimates 4% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $80,000. At year-end, the Allowance for Uncollectible Accounts will have a $280,000 credit balance $200,000 credit balance $120,000 debit balance. $120,000 credit balance.