Question 6 (1 point) Listen A company has an opening credit balance in Allowance for Doubtful accounts of $2,500. Its sales for the year total $500,000. The ending Accounts Receivable balance is $200,000. Management estimates that 2% of accounts receivable are uncollectible. What is the balance of the Allowance for Doubtful Accounts at the end of the year using the statement of financial position method? $4,500 $2,000 $4,000 None of the above