During the year, Weevil Co. had net credit sales of $48,000….

During the year, Weevil Co. had net credit sales of $48,000. At the end of the year, before adjusting entries, the balance in Accounts Receivable was $13,000 (debit) and the balance in Allowance for Bad Debts was $950 (credit). If the company uses an income statement approach to estimate bad debts at 5%, what is the ending balance in the Allowance for Bad Debts account?