At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $340,000 and in Allowance for Uncollectible Accounts of $1,160 (debit) before any adjustments. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. Bad debt expense for the year should be: O $1,160 O $19,240. O $24,261. O $21,560