Shelly's Shellfish Co., uses the balance sheet approach to determine the required balance in the Allowance for Doubtful Accounts. The aging analysis is as follows: Aging Category Bad Debt Percentage Balance Under 30 days 1% $600,000 31-60 days 2% 200,000 Over 60 days 7% 200,000 Totals 10% $1,000,000 At present, the allowance account has a $1,000 debit balance. What amount should be credited to the Allowance for Doubtful Accounts? $24,000 $10,000 $25,000 $23,000