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Zo'Me, a high-end department store, does a lot of business by extending credit to its customers. The company has a credit balance in its allowances

Zo'Me, a high-end department store, does a lot of business by extending credit to its customers. The company has a credit balance in its allowances account for $1,700. In 2021, the financial team estimates, that 3% of the $710,000 that Zo'M does on credit will be uncollectible. If this is indeed the case, how much will the expense for uncollectible accounts be as listed on the company's 'income statement? O a. $510 O b. $19,600 O c. $21,249 O d. $21,300

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