The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $450,000; allowance for uncollectible accounts at the beginning of the year, $34,000 (credit balance); credit sales during the year, $1,700,000; accounts receivable written off during the year, $25,000; cash collections from customers, $1,850,000. Assuming the company estimates that future bad debts will equal 12% 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.