The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $420,000; allowance for uncollectible accounts at the beginning of the year, $31,000 (credit balance); credit sales during the year, $1,550,000; accounts receivable written off during the year, $22,000; cash collections from customers, $1,600,000. 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.