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 receivable written off during the year, $20,000; cash collections from customers, $1,350,000. Assuming the company estimates that future bad debts will equal 12% of the year- end balance in accounts receivable. 1. Calculate bad debt expense for the year. 2. Calculate the year-end balance in the allowance for uncollectible accounts. 1. Calculate bad debt expense for the year. 2. Calculate the year-end balance in the allowance for uncollectible accounts. 1. Bad debt expense 2. Ending balance