At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $320,000 and in Allowance for Uncollectible Accounts of $1,280 (debit) before adjustment. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. Bad debt expense for the year should be: Multiple Choice $1,920 $4,480 $6,781 $1,280