1. Sarasota Company's unadjusted trial balance at December 31, 2020, included the following accounts. Credit Accounts receivable Allowance for doubtful accounts Net sales Debit $54,100 7,320 $1,279,700 Sarasota Company estimates its bad debt expense to be 5% of gross accounts receivable. Determine its bad debt expense for 2020. Bad debt expense for 2020 s