The Stevens Company provided $62,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $42,500 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its revenues on acce-t. The amount of uncollectible accounts expense recognized on the 2014 income statement was Multiple Choice $1,860 $465 $10,625 $4,875