The Miller Company earned $125,000 of revenue on account during Year 1 . There was no beginning balance in the accounts receivable and allowance accounts. During Year 1, Miller collected $83,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its. sales on account. What is the amount of uncollectible accounts expense that will be recognized on the Year 1 income statement? Multiple Choice $3750 $1.260 $2.490 $42,000