View Policies Current Attempt in Progress Black Company provides for bad debts expense at the rate of 2% of accounts receivable. The following data are available for 2020: $ 21,000 Allowance for doubtful accounts, 1/1/20 (Cr.) Accounts written off as uncollectible during 2020 Ending accounts receivable 13,000 3,500,000 The Allowance for Doubtful Accounts balance at December 31, 2020, should be O $70,000 O $62,000 $13,000 $78,000