racer, inc. has the following information related to credit sales in 20x1: accounts receivable 12/31/x1 is: $8,000 allowance for bad debts 12/31/x1 (before adjustment) is: $750 credit sales during 20x1 is: $38,000 using the percentage of sales method (uncollectible accounts are 2% of credit sales), what is the adjusted balance in afbd at the end of 20x1? $