The following aging Information pertains to Microsoft's accounts receivable at December 31, 2024: Days Outstanding Amount Estimated 8 Uncollectible 0-30 $ 434,000 38 31-60 154,000 48 61-120 188 Over 120 114,000 134,000 During 2024, Microsoft wrote off $19,400 in receivables and recovered $7,400 that had been written off in prior years. Microsoft's December 31, 2023, allowance for uncollectible accounts was $47,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Microsoft report at December 31, 2024? $53,560 $34,160 $60,960 $29,660