Question: Question 36 2.5 points Save Ans At January 1, 2006, ABC Co. has a credit balance of $260,000 in its allowance for doubtful accounts. Based

Question 36 2.5 points Save Ans At January 1, 2006, ABC Co. has a credit balance of $260,000 in its allowance for doubtful accounts. Based on past experience, 2% of ABC Co.'s credit sales have been uncollectable. ABC Co.'s credit sales for 2006 were $9,000,000. In its December 31, 2006, balance sheet, what amount should ABC Co. report as allowance for doubtful accounts? C.$5,200 A. $180,000 B. $80,000 D. $440,000

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