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Mckenzie Ltd. provides for doubtful accounts based on 4% of credit sales. The following data are available for the current fiscal year Click the icon to view the data.) Required How much should be the balance in the allowance for doubtful accounts at December 312 Requirement. How much should be the balance in the allowance for doubtful accounts at December 312 Determine the ending balance for the allowance for doubtful accounts by preparing T-account for current fiscal year (BDE = bad debts expense.) Allowance for doubtful accounts Beg bal 26000 Beg bal BDE Recovery End bal SPE Recovery Writeoffs 0 Data Table Credit sales during the year Allowance for doubtful accounts Jan 1 $ 3.250.000 26,000 Cr Collection of accounts written off in prior years Customer accounts written off as uncollectible during the year 5,000 39,850 Print Done