For 2021, Rahal's Auto Parts estimates bad debt expense at 2% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $93,000 and $3,400, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $417,000 and $421,000, respectively, and $4,290 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is: Multiple Choice $8,340. $7,590. $5,400. $7,450.