Historical data should be used to determine the percentage for uncollectible account expense. The higher the percentage, the lower the net income and the lower the income tax. Jitters Corporation, coffee distributor, has historical data that indicate 5 percent of the sales will become uncollectible. This has been a great year for Jitters. Jitters mould like to record additional uncollectible account expenses to provide a "cushion" in the Allowance for doubtful Accounts in case next year's results are not as good as current year's. Jitters has decided to increase the percentage for uncollectible to 9 percent because of the high sales volume. This will increase the uncollectible account expense and thus reduce the uncollectible account expense next year. In this ethical? If not, what would be a preferred action? Historical data should be used to determine the percentage for uncollectible account expense. The higher the percentage, the lower the net income and the lower the income tax. Jitters Corporation, coffee distributor, has historical data that indicate 5 percent of the sales will become uncollectible. This has been a great year for Jitters. Jitters mould like to record additional uncollectible account expenses to provide a "cushion" in the Allowance for doubtful Accounts in case next year's results are not as good as current year's. Jitters has decided to increase the percentage for uncollectible to 9 percent because of the high sales volume. This will increase the uncollectible account expense and thus reduce the uncollectible account expense next year. In this ethical? If not, what would be a preferred action