The Seamore Company earned $180,000 of revenue on account during 2016. There was no beginning balance in the accounts receivable and allowance accounts. During 2016 Seamore collected $150,000 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 2016 income statement was

$180,000

$4,500

$30,000

$5,400