Ch. 7 Assessment Help Save& Exit S 8 The following aging information pertains to Jacobsen Co's accounts receivable at December 31, 2018 Days $428,686 148,000 160,000 Over 120 120,806 8-30 31-60 61-120 2% 5% 10% 20% 0258 15 During 2018, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years Jacobsen's December 31,2017,allowance for uncollectible accounts was $40,000 Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2018? Multiple Choice 31,400