Instructions Question 9 ABC Company began the year with $2,000 Accounts Receivable and $100 Bad Debt Allowance During the year, ABC Company experienced the following transactions: 1. Sales on Account $5,000. 2. Collection on Accounts Receivable $3,800. 3. Wrote off $80 of accounts that could not be collected. 4. Estimated uncollectible accounts for the year would be $200. (used Percent of Revenue Method) What is ABC Company's Net Income? O $2,600 54,800 $3.320 $4,920 54.220 Previous esc 01 " 9 " " MacBook Air 18 1 2 =3 $ 4 55 A (& & 6 7 B Q W E R T Y U tab caps lock shift fn A S D F B