The following information pertains to Lightning Inc., at the end of the year: Credit Sales $ 70,000 Accounts Payable 12,200 Accounts Receivable 9,000 Allowance for Uncollectible Accounts $ 1,400 credit Cash Sales 39,000 Lightning uses the percentage-of-credit-sales method and estimates 8% of sales are uncollectible. What is the ending balance of the allowance account after the year-end adjustment?
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