At January 1, 2013, the credit balance in Master Company's Allowance for Doubtful Accounts was $400,000. For 2013, the provision for doubtful accounts is based on a percentage of credit sales.

Credit sales for 2013 were $50,000,000 (assume that all of Master's sales are credit sales). Based on the latest available facts, the 2013 provision for doubtful accounts is estimated to be 0.7% of credit sales. During 2013, uncollectible receivables amounting to $410,000 were written off against the allowance for doubtful accounts.

Required:

Prepare a schedule computing the balance in Master's Allowance for Doubtful Accounts at December 31, 2013. Show supporting computations in good form