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The allowance for uncollectible accounts of Marilyn Monroe Cosmetics had a balance of $48,000 on January 1, 2019. During the year, it wrote off $36,000

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The allowance for uncollectible accounts of Marilyn Monroe Cosmetics had a balance of $48,000 on January 1, 2019. During the year, it wrote off $36,000 in specific receivables. Marilyn estimates bad debts based on 2% of credit sales, which were $840,000 in 2019. What is the ending balance of the allowance for uncollectible accounts on December 31, 2019? $28,800 $64,800 $16,800 $12,000

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