The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $460,000; allowance for uncollectible accounts at the beginning of the year, $35,000 (credit balance); credit sales during the year, $1,750,000; accounts receivable written off during the year, $26,000; cash collections from customers, $1,900,000. Assuming the company estimates that future bad debts will equal 8% of the year-end balance in accounts receivable. 1. Calculate the year-end balance in the allowance for uncollectible accounts. 2. Calculate bad debt expense for the year.