At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of 5303,000 and in Allowance for Uncollectible Accounts of $550 (credit) before any adjustments. An analysis of Amy Jo's December accounts receivable suggests that the allowance for uncollectible accounts should be 1% or accounts receivable. Bad debt expense for the year should be Multiple Choice O $2.480 Sao OM