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 12/31/Y1 12/31/Y2 $ 1,000,000 $ 1,300,000 Allowance for uncollectible accounts (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