On December 31, 2003 AG Inc. had a working capital ratio (current ratio) of 2, and reported the following accounts (partial balance sheet):

Cash	$	13,000	Accounts Payable	$	2,000
Accounts Receivable	$	4,000	Wages Payable	$	5,500
Allowance for Uncollectible Accounts		?	Utilities Payable	$	500
Inventory	$	6,600	Interest Payable	$	4,000
Prepaid Insurance	$	600	Bonds Payable	$	13,000
Equipment (net)	$	24,000	Retained Earnings	$	3,600

Therefore, the balance in the Allowance for Uncollectible Accounts was:

• $0

• $300

• None of the other alternatives are correct

• $600

• $200