Jumpin Corporation uses the percent-of-sales method to estimate uncollectibles Net credit sales for the current year amount to $2.050 000, and management estimates 3% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $1,500. The amount of Uncollectible - Account Expense reported on the income statement will be O A. $1,500 OB. 563,000 OC. $60,000 OD. $61,500