The following information relates to a company's accounts receivable: gross accounts receivable balance at the beginning of the year, $400,000; allowance for uncollectible accounts at the beginning of the year. $29,000 (credit balance); credit sales during the year, $1,450,000; accounts recelvable written off during the year, $20,000; cash collections from customers, $1,350,000. 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