16. Ike Company reported sales revenue of $5,000,000 in its income statement for the year ended December 31, year 2. Additional information is as follows: Accounts receivable Allowance for uncollectible accounts 12/31/Y1 $ 1,000,000 $1,300,000 12/31/Y2 (60,000) (110,000) Ike wrote off uncollectible accounts totaling $30,000 during year 2. Under the cash basis of accounting, Ike would have reported year 2 sales of