Assume you plan to start a new enterprise: you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. From a tax perspective, which of the following entity choices would be least favorable? C Corporation LLC General partnership Scorporation Question 6 Farmers' Corporation recognized $19,000 bad debt expense on its financial statements in 2017. Farmers' uses the allowance method and calculates bad debt expense using the aging method (the balance sheet approach). The allowance for doubtful accounts had a beginning balance $27,000 and arending balance of $20,000, and Farmers' wrote off $26.000 in bad debts during 2017. What is Farmers' bod debt deduction for 2017 $26.000 $20.000 $19.000 $7000