TB MC Qu$.07-47($Algo$)$ Domino Company ages its accounts receivable...

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 $$44,010$ and $$3,440,$ respectively. During Year $2,$ the company wrote off $$2,620$ 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 Days

Past Due Receivables

Amount $\%$ Likely to be

Uncollectible

Current $$70,0001\%$

$0$ to $3026,7005\%$

$31$ to $606,76010\%$

$61$ to $903,42025\%$

Over $903,10050\%$

Total $$109,980$

What amount will be reported as uncollectible accounts expense on the Year $2$ income statement?

Multiple Choice

$$5,116$

$$4,296$

$$2,620$

$$1,676$