During its fi rst year of operations, Energy Company had creditsales of $3,000,000; $600,000 remained uncollected at year-end. Thecredit manager estimates that $31,000 of these receivables willbeco BE8-3 During its first year of operations, Energy Company had credit sales of \( \$ 3,000,000 \); \( \$ 600,000 \) remained uncollected at year-end. The credit manager estimates that \( \$ 31,000 \) o 1 answer