This test 84 pts possible Jumpin Corporation uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $2.020,000, and management estimates 3% will be uncolectible. The Alowance for Uncollectible Accounts prior to adjustment has a debit balance of $1,000. The amount of Uncollectible - Account Expense reported on the income statement will be OA $59.000 OB. $1,600 OC. $60,600 OD. 562.200