On January 1, 2020 Grace Company had an 58,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2020, Grace provided $50,000 of service on account. The company collected $48,000 cash from account receivable. Uncollectible accounts are estimated to be 29 of sales on account Based on this information, the amount of cash flow from operating activities that would appear on the 2020 statement of cash flows is: a. 550.000 b. 545.800. OC $49,700 d. $48,000 On January 1, 2020 Grace Company had an $8,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2020, Grace provided 550.000 of service on account. The company collected $48,000 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account. The amount of uncollectible accounts expense recognized on the 2020 income statement is: a. 5960. b. $1,000 O $150. O d. 5500