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 $50,000 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) $1,000. b) $500. c) $160. d) $960