The following aging information pertains to Jacobsen Co's accounts receivable at December 31, 2021 Days Outstanding 0-30 31-60 61-120 Estimated % Uncollectible Amount $420,000 2% 140,000 5% 100,000 10% Over 120 120,000 20% Help Save & Ex During 2021, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years. Jacobsen's December 31, 2020, allowance for uncollectible accounts was $40,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021? Multiple Choice $55,400 $28,000