At the end of the year, but before the year-end adjustment to revise the allowance for doubt to reflect the collectability of accounts receivables, a company's records showed that the balance of the Allowance for Doubtful Account was $2,000 and the balance of the bad debts expense was $0. Information about accounts receivable at year-end was as follows: Age Collection Probability Less than 30 days 99% 30 to 90 days 75% Over 90 days 50% Amount $400,000 20,000 2,000 12. How much of the Accounts Receivable is likely collectable A. $400,000 B. $412,000 C. $415,000 D. $420,000 E. $422,000 13. What is the bad debts expense for the year? A. $2,000 B. $8,000 C. $10,000 D. $11,000 E. $12,000