On June 30, Jones Co. had an unadjusted debit balance of $1,200 in its allowance for uncollectible accounts. An analysis of Vale's trade accounts receivable at the date revealed the following: Age Amount Estimated Uncollectible 0-30 days $50,000 3% 31-60 days $5,000 12% Over 60 days $1,500 $900 What amount should Jones report as bad debt expense on its June 30 income statement? $3,000 $1,800 $4,200 $1.200