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In 2022 the Splish Brothers Inc. had net credit sales of…

In 2022 the Splish Brothers Inc. had net credit sales of $1020000. On January 1, 2022, the Allowance of Doubtful Accounts had a credit balance of $23100. In 2022 $34200 or uncollectible accounts receivable were written off.  Pasted experience indicates that the allowance should 10% of the balance in receivable balance on December 31 was $242000. What is the required adjustment to the Allowance for Doubtful Accounts on December 31, 2022?

$24200

$35300

$47300

$3420

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