On December 31, 2017, Vale Company had an unadjusted credit balance of $1,000 in its Allowance for uncollectible accounts. An analysis of Vale's trade accounts receivable at that date revealed the following: Estimated Age Amount Uncollectible 0-30 days 31-60 days Over 60 days $60,000 4,000 2,000 5% 10 70 Required: What amount should Vale report as Allowance for uncollectible accounts in its December 31, 2017, balance sheet