At January 1, 2025, THE Company had an allowance for bad debts with a $11,400 credit balance. During 2025, THE Company wrote-off $17,000 of accounts receivable as being uncollectible. At December 31, 2025, THE Company prepared the following aging schedule: Accounts Receivable not past due $125,000 1-30 days past due 88,000 31-60 days past due 53,000 61-90 days past due 61,000 over 90 days past due 29,000 % Uncollectible 3% 7% 10% 25% 40% The bad debt expense reported by THE Company for 2025 was equal to: O $25,060 O $28,400 O $30,660 O $36,460 O $42,060 O $47,660 O none of the above choices are correct