(The following information applies to the questions dispiayee belbw The Miller Company earned $123,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivable and allowance accounts. During Year 1, Miller collected $82,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. t is the amount of uncollectible accounts expense that will be recognized on the Year 1 income statement? Multiple Choice $3,690 $1,230 $2,460 $41,000