Answer the questions relating to each of the five independent situations as requested. Larkspur Company's unadjusted trial balance at December 31, 2017, included the following accounts. Larkspur Company estimates its bad debt expense to be 8% of gross accounts receivable. Determine its bad debt expense for 2017. Bad debt expense for 2017. An analysis and aging of Cullumber Corp. accounts receivable at December 31, 2017, disclosed the following. What is the net realizable value of Cullumber's receivables at December 31, 2017? Riverbed Co. provides for doubtful accounts based on 2% of gross accounts receivable, The following data are available for 2017. What is the balance in Allowance for Doubtful Accounts at December 31, 2017? At the end of its first year of operations, December 31, 2017, Marin Inc. reported the following information. What should be the balance in accounts receivable at December 31, 2017, before subtracting the allowance for doubtful accounts? The following accounts were taken from Headland Inc.'s trial balance at December 31, 2017. If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2017