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Domino Company uses the percent of receivables method to estimate uncollectible accounts expense. Domino began 2016 with balances in Accounts Receivable and Allowance for Doubtful

Domino Company uses the percent of receivables method to estimate uncollectible accounts expense. Domino began 2016 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $76,500 and $5,800, respectively. During the year, the company wrote off $4,640 in uncollectible accounts. In preparation for the company's 2016 estimate, Domino prepared the following aging schedule:

Number of Days Past Due Receivables Amount % Likely to be Uncollectible
Current $ 104,000 1%
0-30 45,000 5%
31-60 9,920 10%
61-90 4,440 25%
Over 90 3,800 50%
Total $ 167,160

What will Domino record as Uncollectible Accounts Expense for 2016?

$6,132

$1,512

$7,292

$4,640

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