A firm prepares the following aging table for its accounts receivable Days Amounts Estimated outstanding uncollectibles rate 1-30 days 25,000 1% 30-60 days 30,000 5% Before the adjustment, the allowance for bad debt has a credit balance of $500. Based on the table, the ending balance for the allowance for bad debt is O$1,250. $3,300 O $1,750. $2.250. In a period of inflation, which inventory cost flow assumption tends to report the lowest income tax? FIFO. OLIFO. Average cost O Income tax will be the same under all assumptions