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$ 86,800 GK Company, a calendar year accrual basis taxpayer, made the following adjustments to its allowance for bad debts this year: January 1 allowance

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$ 86,800 GK Company, a calendar year accrual basis taxpayer, made the following adjustments to its allowance for bad debts this year: January 1 allowance for bad debts Actual write-offs of accounts receivable (78,000) Addition to allowance at year-end 90,700 December 31 allowance for bad debta $ 99,500 Required: a. Compute GK's bad debt expense for financial statement purposes. b. Compute GK's tax deduction for bad debts. Complete this question by entering your answers in the tabs below. Required A Required B Compute GK's bad debt expense for financial statement purposes. Bad debt expense RENA Required 8 >

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