On January 1, Year 2 Grande Company had a $20,000 balance the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2 Grande provided $76,000 of service on account. The company collected $72,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account. What is the amount of uncollectible accounts expense recognized on the Year 2 income statement?

Chl-86101 Seved Help Save & Exit Required information The following information applies to the questions displayed below) On January 1 Year 2 Grande Company had a $20,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2. Grande provided $76,000 of service on account. The company collected $72,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account What is the amount of uncollectible accounts expense recognized on the Year 2 income statement? Multiple Choice $1,520 $1.450 O $400 $5.500