Penn Company reported the following information related to credit sales in 20X3: Accounts receivable. 12/31/X3 $8, 100 Allowance for uncollectible accounts 12/31/X3 (before adjustment) 750 Credit sales during 20X3 38.000 Cash sales during 20X3 12.000 Collections from customers on account during 20X3 41.000 Penn uses the percent-of-sales method and estimates that 3% of credit sales will be uncollectible. The year-end financial statements will report: Allowance for Uncollectible Accounts Uncollectible Account Expense $1.140$390 $I, 890 $2, 250 $1, 890 $1, 140 $390 $1, 140 $1, 140 $750