em This assi REPORT AN ERROR > Question 6 0/1 Last Na Cimoch Manual Sinclair Corporation starts operations in Year One and makes credit sales of $700,000 per year while collecting cash of only $500,000 per year. During each year, $40,000 in accounts are judged to be uncollectible. The company estimates that 10 percent of its credit sales will eventually prove to be worthless. What is reported as the allowance for doubtful accounts on the company's balance sheet at the end of Year Two? $10,000 $20,000 $30,000 $60,000 D