GEREE Chez Fred Bakery estimates the allowance for uncollectible accounts at 2% of the ending balance of accounts receivable. During 2021. Chez Fred's credit sales and collections were $110,000 and $146,000, respectively. What was the balance of accounts receivable on January 1, 2021, $260 in accounts receivable were written off during 2021 and if the allowance account had a balance of $540 on December 31, 20212 Multiple Choice $46,000 $980 $63.260 None of these answer choices are correct