The Malcowitz Company currently has Sales Revenue of $560,000. The debit balance of Allowance for Doubtful Accounts totals $20,000, while the Accounts Receivable has a total of $100,000. Cynthia is trying to determine the current adjustment for the Allowance for Doubtful Accounts given that the estimated percentage of receivables that are uncollectible is 20 percent (using the accounts receivable aging basis). What is the current adjustment for the Allowance for Doubtful Accounts? $0 $200,000 $132,000 $40,000