Question: Domino Company ages its accounts receivable to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts

Domino Company ages its accounts receivable to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $46,890 and $3,710, respectively. During Year 2, the company wrote off $2,770 in uncollectible accounts. In preparation for the company's estimate of uncollectible accounts expense for Year 2, Domino prepared the following aging schedule: Number of DaysPast DueReceivablesAmount% Likely to beUncollectibleCurrent $79,0001%0-3028,8005%31-607,66010%61-904,02025%Over 903,70050%Total $123,180 What amount will be reported as uncollectible accounts expense on the Year 2 income statement?

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