Required information On January 1, 2011 Grace Company had an $10,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2011, Grace provided $52,000 of service on account. The company collected $48,040 cash from account receivable. Uncollectible accounts are estimated to be 6% of sales on account The amount of uncollectible accounts expense recognized on the 2011 income statement is: Required information Multiple Choice O $600. O $3,120. O $520. $3,000