as of january 1, 2024, farley company had a credit balance of $524,000 in its allowance for uncollectible accounts. based on experience, 3% of farley's credit sales have been uncollectible. during 2024, farley wrote off $649,000 of accounts receivable. credit sales for 2024 were $19,600,000. in its december 31, 2024, balance sheet, what amount should farley report as allowance for uncollectible accounts?
