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Kensington Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $62,000 and $3,000, respectively. During Year 2, Kensington wrote

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Kensington Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $62,000 and $3,000, respectively. During Year 2, Kensington wrote off $5,400 of Uncollectible Accounts. After aging its receivables, Kensington estimates that the ending Allowance for Doubtful Accounts balance should be $4,800. What will Kensington report as Uncollectible Accounts Expense on its Year 2 income statement? Multiple Choice O $7.200 O $4.800 (0) $1.800 o $5,400

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