The following information pertains to a company at the end of the year:

Credit Sales

Accounts Payable

Accounts Receivable

Allowance for Uncollectible Accounts $8,500$

$,1,500$ credit

Cash Sales

$$63,000$

$13,800$

$8,500$

$1,500$ credit

$39,000$

The company uses the percentage$-$of$-$credit$-$sales method and estimates $4\%$ of sales are uncollectible. What is the ending balance of the allowance account after the year$-$end adjusting entry?

Multiple Choice

$$1,020$

$$4,020$

$$2,520$

$$5,580$