Dynamic, Inc. had credit sales of $645,000 for March. Accounts receivable of $12,000 were determined to be worthless and were written off during March. Accounts receivable total $542,000 at March 31 Management feels that based on past experience, approximately 1% of net credit sales will prove to be uncollectible. Required information 3.00 points Assuming Dynamic, Inc. uses the direct write-off method of accounting for uncollectible accounts, uncollectible accounts expense for March is: O $6.450 O $12,000 O $5,420 $17,420 Required information 3.00 points Assuming Dynamic, Inc, uses the income statement approach (an allowance method) to account for uncollectible accounts, uncollectible accounts expense for March is: O $5.420 $17,420 O $18,450 $6,450