At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $308,000 and in Allowance for Uncollectible Accounts of $560 (credit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance. for uncollectible accounts should be 2% of accounts receivable. Bad debt expense for the year should be: Multiple Choice $6,720 $5,901 $5,600 $6,160