35. ZEJ, a calendar year, accrual basis taxpayer, made the following adjustments to its allowance for bad debts this year: January 1 allowance for bad debts $ 895,000 Actual write-offs of accounts receivable (840,000) Addition to allowance at year-end 770,000 December 31 allowance for bad debts $ 825,000 a. Compute ZEJ's bad debt expense for financial statement purposes. b. Compute ZEJ's tax deduction for bad debts