Dynamic, Inc. had credit sales of $610,000 for March. Accounts receivable of $5,500 were determined to be worthless and were written off during March. Accounts receivable total $503,000 at March 31. Management feels that based on past experience, approximately 4% of net credit sales will prove to be uncollectible. Assuming Dynamic, Inc. uses the Income statement approach (an allowance method) to account for uncollectible accounts, uncollectible accounts expense for March is: $20,120. $25,620. $29,900 $24,400