O Accounts Receivable + Uncollectible Accounts Expense O 365/Accounts Receivable Question 8 3.45 pts Bay Company began using the allowance method in 2018. On January 1, 2018, Bay had a $3,900 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2018, Bay provided $34,000 of service on account. The company collected $25,500 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account. The net realizable value of Bay's accounts receivable as December 31, 2018 was: O $12,400. O $11,720. O $6,200. O $680