8 At December 31, Amy Jo's Appliances had account balances in Accounts Recelvable of $390,000 and in Allowance for Uncollectible Accounts of $1,120 (debit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. Bad debt expense for the year should be: 8 01:54:34 Multiple Choice $10,580 $13,721 $12,820 $1120