Bad Debt Expense: Percentage of Credit Sales Method Bradford Plumbing had the following data for a recent year: Credit sales $873,600 Allowance for doubtful accounts, 1/1 la credit balance) 19,430 Accounts receivable, 1/1 67,350 Collections on account receivable 846,000 Accounts receivable written off 16,840 Bradford estimates that 3.3 percent of credit sales will eventually default. 1. Compute bad debt expense for the year (Round to the nearest whole number). $ 28,829 2. Determine the ending balances in accounts receivable and allowance for doubtful accounts. Ending Balance Accounts receivable Allowance for doubtful accounts