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Required information [The following information applies to the questions displayed below.) On January 1. Year 2 Grande Company had a $16.000 balance in the Accounts

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Required information [The following information applies to the questions displayed below.) On January 1. Year 2 Grande Company had a $16.000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $104,000 of service on account. The company collected $97,000 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account What is the amount of uncollectible accounts expense recognized on the Year 2 income statement? Multiple Choice $320 $320 $1.000 O $2.000 O $1940

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