Domino Company uses the aging of accounts receivable method to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $44,010 and $3,440, respectively. During the year, the company wrote off $2,620 in uncollectible accounts. In preparation for the company's Year 2 estimate, Domino prepared the following aging schedule:

Number of days	Receivables				% Likely to be
past due	amount				uncollectible
Current		$	70,000			1%
0-30			26,700			5%
31-60			6,760			10%
61-90			3,420			25%
Over 90			3,100			50%
Total		$	109,980

What will Domino record as Uncollectible Accounts Expense for Year 2?

Multiple Choice

$4,296

$5,116

$1,676

$2,620