Ortiz Inc. has the following balances before doing adjusting entries for the year ended 12/31/Year6. The allowance has a normal (credit) balance. Accounts receivable Allowance for Uncollectible accounts 100,000 900 Assume Ortiz Inc. uses the % of accounts receivable method. Here is their % of AR schedule: AR % Estimated Uncollectible 2% Current 31-60 days Total $80,000 20,000 $100,000 Estimate of uncoll ectible amount $1,600 800 $2,400 4% What will Ortiz Inc. report as the balance of the allowance for uncollectible accounts on the published balance sheet as of 12/31/Year6? (This means post adjustments!) O a. 900 b.2,400 C. 3,300 O d. 1,500 Ortiz Inc. has the following balances before doing adjusting entries for the year ended 12/31 Year6. The allowance has a normal (credit) balance. 100,000 Accounts receivable || Allowance for Uncollectible accounts 900 Assume Ortiz Inc. uses the % of accounts receivable method. Here is their % of AR schedule: AR % Estimated Uncollectible 2% Current 31-60 days Total $80,000 20,000 $100,000 Estimate of uncollectible amount $1,600 800 $2,400 4% What will Ortiz Inc. report as bad debt expense for on the income statement for the year ended 12/31/Year6? a. 2,400 ob.4,000 O C. 1,500 O d. 900