The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, $350,000; allowance for uncollectible accounts at the beginning of the year, $24,000 (credit balance); credit sales during the year, $1, 200,000; accounts receivable written off during the year, $15,000; cash collections from customers, $1, 100,000. Assuming the company estimates that future bad debts will equal 12% of the year-end balance in accounts receivable. Calculate the year-end balance in the allowance for uncollectible accounts. Ending balance Calculate bad debt expense for the year. Bad debt expense