The allowance for uncollectible accounts of a company has a balance, before year-end adjustments, of 24.200€. After a careful review of the collections process, management decided to write-off receivables for an amount of 33.100€. Account receivables has an ending debit balance of 432.000€. The estimate for non-collections that the company has been applying over the last years, has been 5%.

What would be the amount which would reflect on the income statement the effect of all these adjustments taking place in the receivables account at year end?

Select one:

a. 30,500

b. 12,700

c. I don't know

d. 21,600

e. 35,700