On january 1, year 2, grande company had a $71,800 balance in the accounts receivable account and a $3,100 balance in the allowance for doubtful accounts account. during year 2, grande provided $194,000 of service on account. the company collected $234,500 cash from accounts receivable. uncollectible accounts are estimated to be 1% of sales on account. the amount of uncollectible accounts expense recognized on the year 2 income statement is:

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.