12.The following information pertains to LNMs accounts receivable and allowance for doubtful accounts balances in 2021 and 2022: 2022 2021 Accounts Receivable $ 320,000 $ 300,000 Allowance for Doubtful Accounts ? 24,750 The break-down of the aging periods consists of 50% in the current period, 30% in 31+ days, 15% in 61+ days, and 5% in 91+ days. Lemon allocates 1%, 5%, 25%, and 50% as uncollectable percentage for each aging period respectively. On December 31st, 2022, the Allowance for Doubtful Accounts has a debit ending balance of $6,600 before the adjusting entries are recorded. What is the bad debt expense for 2022?

Multiple Choice

$ 6,600 $19,800 $26,400 $31,350 $33,000