Taiju Company prepared an aging of accounts receivable on December 31, 2020 and determined that the net realizable value of the accounts receivable was P2,500,000. Additional information is available...

Taiju Company prepared an aging of accounts receivable on December 31, 2020 and determined that the net realizable value of the accounts receivable was P2,500,000. Additional information is available as follows:

Allowance for doubtful accounts on Jan. 1                                                            280,000

Accounts written off as uncollectible                                                                      230,000

Accounts receivable on December 31                                                                     2,700,000

Uncollectible accounts recovery                                                                               50,000

For the year ended December 31, 2020, what amount should be recognized as doubtful accounts expense?