At December 31, ABC Company had account balances in Accounts Receivable of $301,000 and in Allowance for Uncollectible Accounts of $980 (credit) before any adjustments. An analysis of ABC Company's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. Bad debt expense for the year should be: Multiple Choice $12,040, $12,361. $11,060, $13,020. Submit