4) Dr. Bank Charges Expense; Cr. Accounts Receivable Question 6 (2 points) Shannon Ltd.'s allowance for doubtful accounts was $170,000 at the end of 2020 and $210,000 at the end of 2019. For the year ended December 31, 2020, Shannon reported bad debt expense of $36,000 in its income statement. What amount did Shannon Ltd. write off uncollectible debts during 2020? 1) $24,000 2) $40,000 3) $69,300 4) $76,000 Question 7 (2 points) Given the following data, calculate the cost of ending inventory using the FIFO costing method