As of January 1, 2021, Barley Co. had a credit balance of $540,000 in its allowance for uncollectible accounts. Based on experience, 3% of Barley's gross accounts receivable have been uncollectible. During 2021, Barley wrote off $670,000 of accounts receivable. Barley's gross accounts receivable as December 31, 2021 is $19,000,000 How much bad debt expense should Barley record for 2021? 24 Multiple Choice $700,000 $1,110,000 $570,000 o $440,000