Current Attempt in Progress Betty had net sales (all on account) in 2020 of $890000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts recelvable $1040000 debit, and allowance for doubtful accounts $2240 debit. Betty estimates that 2 % of its accounts receivable will prove to be uncollectible. What is the net amount expected to be collected of the receivables reported on the financlal statements at December 31, 2020h $1019200 $1016960 $23040 $1021440