The following information relates to a company's accounts receivable: gross accounts receivable balance the beginning of the year, $325,000; allowance for uncollectible accounts at the beginning of the year, $35,000 (credit balance); credit sales during the year, $900,000; accounts receivable written off during the year, \$15,000; cash collections from customers, $850,000; bad debt expense, \$27,000. Assuming the company estimates bad debts at an amount equal to 3% of credit sales. Based on the information above, what is the year-end balance in the allowance for uncollectible accounts Answers A - D A $62000 B $47,000 C $35,000 D $15,000