At January 1, 2016. Simpson Co, had a credit balance of $260,000 in its allowance for uncollectible accounts. Based on past experience, 2 percent of Simpson's credit sales have been uncollectible. During 2016, Simpson wrote off $325,000 of accounts receivable. Credit sales for 2016 were $9,000,000. In its December 31, 2016, balance sheet, what amount should Simpson report as allowance for uncollectible accounts? Multiple Choice $115,000 es $180,000 $245,000 $440,000