Chez Fred Bakery estimates the allowance for uncollectible accounts at 2% of the ending balance of accounts receivable. During 2021 Chez Fred's credit sales and collections were $118,000 and $150,000, respectively. What was the balance of accounts receivable on January 1, 2021. If $270 in accounts receivable were written off during 2021 and if the allowance account had a balance of $780 on December 31, 2021? Multiple Choice O None of these answer choices are correct. O $910. $71,270. $50,000. O