Question 1 4 pts ADI Inc. sells some types of software on credit and extends terms that require that customers pay in 60 days. ADI reported gross receivables and potential losses in its accounts receivable as of December 31, 2018 as follows: Age Gross Percentage Amount not Receivable expected to expected to balance be received be received Current $800,000 95% $40,000 1-30 days past due $180,000 80% $36.000 31-60 days past due $100,000 60% $40,000 61+ days past due $40,000 50% $20.000 Total $136,000 On December 31, 2017, the balance in the allowance for uncollectible accounts was $49,200. Gross accounts receivables balance increased by $40,000 during the year. Bad debt expense during the year was $106,800. Sales during the year were $1,860,000. Determine the amount of cash collections for 2018. a $1,800,000 ob. $1.820,000 O c. $40.000 O d. $1,860,000 O e. None of the above