The Miler Company earned $99,000 of revenue on account during Year 2. There was no beginning balance in the accounts allowance accounts. During Year 2, Miller collected $70,000 of cash from its recevables accounts. The company estimates that it will be unable to collect 3% of its sales on account. The net realizable value of Miller's receivables at the end of Year 2 was Multiple Choice $31,970 $29,000 $26,030 On January 1, Year 2, Kincaid Company's Accounts Recelvable and the Allowance for Doubiful Accounts carried balances of $3,400, respectively. During the year Kincald reported $201,000 of credit sales. Kincaid wrote off $1,900 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $246,700 Kincaid estimates that it will be unable to collect one percent (1%) of credit sales. The amount of uncollectible accounts expense recognized in the Year 2 income statement will be: Multiple Choice $732