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20 The following information is related to December 31,2024 balances. During 2025 sales on account were $379000 and collections on account were $228000. The company

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The following information is related to December 31,2024 balances. During 2025 sales on account were $379000 and collections on account were $228000. The company wrote off $21500 in uncollectible accounts. An analysis of outstanding receivable accounts at year-end indicated that uncollectibles should be estimated at $143000. Bad debt expense for 2025 is: $143000. $51500. $30000. $3500

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