Alderwood Company has provided the following information prior to any year-end bad debt adjustment: - Cash sales, $469,000 - Credit sales, $1,407,000 - Selling and administrative expenses, $387,000 - Sales returns and allowances, $147,000 - Gross profit, \$1,527,000 - Accounts receivable, $387,000 - Sales discounts, $99,000 - Allowance for doubtful accounts credit balance, $4,360 Alderwood prepares an aging of accounts receivable and the fesult shows that 5% of accounts receivable is estimated to be uncollectible. How much is bad debt expense? $23,710. $14,990. $19350 $14.772