6) You are using the Percentage of Receivables Method (similar to the Aging method) to calculate and record Bad Debt Expense, you estimate 5% of your Accounts Receivable will eventually not be able to be collected, all sales are on account. You have the following formation: Sales for the year $853,000 January 1st, Beginning balance of Accounts Receivable $94,000 December 31st, Ending balance of Accounts Receivable - $101,000 January 1st, Beginning balance of Allowance for Doubtful Accounts - $4,700 During the year you collected $841,400 from your customers and wrote off $4,600 of accounts that you were not able to collect What amount will you show as Bad Debt Expense for the year