Hele Jones Company had the following sales for Yeart cash sales of $1.000, credit card sales of $18,000 and sales on account of $40.000. Jones Company uses the percentage of revenue method to estimate write-offs and uses the Industry average of 6% to estimates write-ots. Based on this information what amount should Jones Company estimate as its bad debts (uncollectible accounts) expense for Year 17 Multiple Choice $3.540 O $2,400 $3.480 $1.080 $0