A company uses the aging of account receivable method to estimate debts expense. On December 31 of the current year an aging analysis of account receivable revealed the following: Calculate the amount of the Allowance for Doubtful Account that should be reported on the current year and balance sheet Calculate the amount of the Bad Debt Expense that should be reported in the current year's income statement, assuming that the balance of the Allowance for Doubtful Accounts on January 1 of the current year was $44,000 and that accounts receivable written off during the current year totaled $49, 200