The Mason Company earned $90,000 of revenue on account during 2011. There was no beginning balance in the accounts receivable and allowance accounts. During 2011 Morgan collected $68,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account.

The amount of uncollectible accounts expense recognized on the 2011 income statement was?

(1pts)

$2,700

$2,040

$660

$22,000