At the end of the fiscal 2015 year, Alpha Company has the following information:Credit Sales, $2,500,000;Sales Returns and Allowances, $25,000;Accounts Receivable, $200,000; and Allowance for Doubtful Accounts with a Debit of $1,500.

a.If Alpha uses 0.5% of Net Credit Sales as the basis for determining Bad-Debt Expense.What amounts should Alpha Company report at December 31, 2016 for

1. Balance inAllowance for Doubtful Accounts---------------

2. Bad Debt Expense ---------------

1. If Alpha uses 5% of Accounts Receivable as the basis for determining Bad-Debt Expense. What amounts should Alpha Company report at December 31, 2016 for

3. Balance inAllowance for Doubtful Accounts -----------------

4. Bad Debt Expense ----------------