At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $380,000 and in Allowance for Uncollectible Accounts of $1,060 (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: Multiple Choice 3:06 O $1060 $12.460 $12,561 $10,340