1. Bad Debts Koala Co. have the following account balances at Dec 31 before recording bad debt expense for the year: Koala estimates bad debts for the year based on the following aging of accounts receivable sehedule What amount should be recorded as bad debt expense under the aging of accounts receivable method? a. $11,600 b. $22,600 c. $33,600 d. $44,600 e. None of the above On December 31, 2020, Hamilton Inc. sold a used industrial crane for $600,000 cash. The original cost of the crane was $5.0 million and its accumulated depreciation equaled $4.2 million on December 31,2020 . What is the gain or loss from the December 31,2020 equipment sale? A) $600,000 loss. B) $200,000 loss. C) $200,000 gain. D) $600,000 gain