Bonus #1:     The following accounts were extracted from the…

Bonus #1:     The following accounts were extracted from the unadjusted trial balance at 12/31:                                                                                       Debit                           Credit              Accounts Receivable                                       $2,000,000             Allowance for Uncollectible Accounts                                              $16,000             Net credit sales                                                                                    $6,000,000   They estimate that 3% of gross ending accounts receivable will become uncollectible.  After adjustment at 12/31, the allowance for uncollectible accounts should have a credit balance of?