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Valdez Company uses the percent of receiveables method to estimate uncollectible accounts expense. Valdez began 2011 with balances in Accounts Receivable and Allowance for Doubtful

Valdez Company uses the percent of receiveables method to estimate uncollectible accounts expense. Valdez began 2011 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $38,250 and $2,900, respectively. During the year, the company wrote off $2.320 in uncollectible acounts. In preparation for the company's 2011 estimates, Valdez prepared the following aging schedule: Number of days past dueReceivables amount % Likely to be uncollectible Current$26,0001% 0-30$11,250 5% 31-60 $2,480 10% 61-90 $1,11025% Over 90$950 50% Total $41,790 What will Valdez record as Uncollectible Accounts Expense for 2011?

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