On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of 576.000 and 54,000, respectively. During the year Kincaid reported $215.000 of credit sales. Kincaid wrote off $2100 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $271.100. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales.

The amount of uncollectible accounts expense recognized in the Year 2 income statement will be: Multiple Choice

a. $4.050.

b. $760.

c. $2.150.

d. $2,711.