Wellington Corp. has outstanding accounts receivable totaling 1.27 millions as of december 31 and sales on credit during the year of 6.4 million. There is also a debit balance of 6000 in the allowance for doubtful accounts. If the company estimates that 2% of its accounts 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?

25400

19400

25280

31400