as of January 1, 2021. Barley Co. had a credit balance of 531000 in its allowance for uncollectible accounts. Based on experience, 3% of Barley's gross accounts receivable have been uncollectible. During 2021, Barley wrote off $661000 of accounts receivable. Barley's gross accounts receivable as December 31, 2021 is $18,550,000. How much bad debt expense should Barley record for 2021? Multiple Choice $556 500 S66.500 S1087.500 $426.500