Milo company uses the percent-of-sales method to estimate uncollectibles. net credit for the current year amount to $120,000, and management...

Milo company uses the percent-of-sales method to estimate uncollectibles. net credit for the current year amount to $120,000, and management estimates 4% will be uncollectible. allowance for doubtful accounts prior to adjustment has a credit balance of $1,000. the amount of expense to report on the income statement will bea. 1000b.3800c.4800d.5800