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At December 31, 2021, Equipment Ltd. has gross accounts receivable of $127,000. There is a $10,000 credit balance in the allowance for doubtful accounts. Management

At December 31, 2021, Equipment Ltd. has gross accounts receivable of $127,000. There is a $10,000 credit balance in the allowance for doubtful accounts. Management estimates bad debts to be 15% of accounts receivable. The company's bad debt expense for 2021 is?

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