The following information was obtained from the unadjusted trial balance of the Pie Corporation for the year ending December 31, 2020:

Accounts Receivable P 2,500,000dr

Allowance for Doubtful Accounts 34,000dr

Sales (90% are on credit) 8,400,000cr

Instructions: Determine the following:

1. Doubtful account expense assuming that 6% of the accounts receivable are estimated to be uncollectible.

2. Amortized cost of accounts receivable.