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Ayayai Corp.unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $1180000 Allowances for Doubtful Accounts $21300 Bad debts are estimated to be

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Ayayai Corp.unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $1180000 Allowances for Doubtful Accounts $21300 Bad debts are estimated to be 5% of outstanding receivables. What amount of bad debt expense will the company record? O $60278 O $59000 $37700 O $36422

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