My Company age accounts receivable to estimate bad detits funcollectible accounts) expense Mowery began Year 2 with balances in Accounts Receivable and wance to and 1460 recovy During Year 2 the company wrote of $2620 n uncollectible accounts in preparation for the company's estimate of bad debts uncollectible account weging schedule Likely to be Uncollectible Past Due $ 70.000 26,700 3.420 3.100 5109,90 Want will be reported as tad de colectible accounts on the Year 2 come statement o Mowery Company ages its accounts receivable to estimate bad debts (uncollectible accounts) exp and $3,440, respectively. During Year 2, the company wrote off $2,620 in uncollectible accounts. In the following aging schedule: Number of Days Past Due Current 0-30 31-60 61-90 Over 90 Total Receivables Amount $ 70,000 26,700 6,760 3,420 3,100 $109,980 % Likely to be Uncollectible 1% 5% 10% 25% 50% What amount will be reported as bad debts (uncollectible accounts) expense on the Year 2 income Multiple Choice O $1,676 Amount Current 0-30 31-60 61-90 Over 90 Total $ 70,000 26,700 6,760 3,420 3,100 $109,980 Uncollectible 1% 5% 10% 25% 50% What amount will be reported as bad debts (uncollectible accounts) expense on the Year 2 income statement? Multiple Choice O $1676 O $5,16 $2620 O S4,296