5. The following information was taken from Aviv company balance sheet (in USD): Accounts receivables, net Allowance for doubtful accounts 31.12.2018 31.12.2017 ??? 240,000 ??? 10,000 During 2018, the company had the following transactions related to its AR balance: 1. Sold inventory with a cost of $420,000 on account for $600,000. 2. Collected $450,000 of its accounts receivable. 3. Wrote-off $20,000 of its accounts receivable. Assume that the company estimates the allowance for doubtful accounts using the balance sheet method and the same percentage was applied in 2017 and 2018. What is the amount of bad debts expense recognized on 2018 income statement? a. $10,000 b. $24,000 c. $25,200 d. $15,200 e. $14,800