The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $380,000; allowance for uncollectible accounts at the beginning of the year, $27,000 (credit balance); credit sales during the year, $1,350,000; accounts receivable written off during the year, $18,000; cash collections from customers, $1,250,000. Assuming the company estimates bad debts at an amount equal to 2% of credit sales

1. Calculate bad debt expense for the year.

2.	Calculate the year-end balance in the allowance for uncollectible accounts