At December 31, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $1,150 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: $5,930. $7,240. $7,080. $1,150