Vaughn Manufacturing has outstanding accounts receivable totaling $6.19 million as of December 31 and sales on credit during the year of $31.5 million. There is also a debit balance of $12500 in the allowance for doubtful accounts. If the company estimates that 7% of its outstanding receivables will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? $420800 $433300. $2205000. $445800