Ivanhoe Company has accounts receivable of $97,500 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $1,934 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below.