Young and Old Corporation (YOC) uses two aging categories to estimate uncollectible accounts. Accounts less than 60 days are considered young and have a 3% uncollectible rate. Accounts more than 60 days are considered old and have a 35% uncollectible rate.

If YOC has $111,000 of young accounts and $390,000 of old accounts, how much should be reported in the Allowance for Doubtful Accounts?

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If YOC