19 out of On January 1, Year 3 the credit balance of Allowance for Doubtful Accounts was $350,416. During the course of Year 3, the bad debt expense entry was based on a percentage of net credit sales. Net sales for Year 3 were $70,083,140, of which 87.33% were on account. Based on the information available at the time, the Year 3 bad debt expense was estimated to be 0.79% of net credit sales. During Year 3, uncollectible receivables amounting to $438,019 were written off against the allowance for doubtful accounts. The company has estimated that on December 31, Year 3, based on a review of the aged accounts receivable, the allowance for doubtful accounts should be recorded at $459,914, How much additional Bad Debt Expense should be recorded at year end to adjust the allowance account to the required balance? question O a $62,408 Ob 560,808 OC 567 209 Od $64,009 e $65,609