Based on the aging of its accounts receivable at December $31,$ Quanto Company determined that the net realizable value of the receivables at that date is $$760,000.$ Additional information is as follows $\_\_\_\_\_\_\_\_.$

Accounts Receivable at December $31$ $$880,000$

Allowance for Doubtful Accounts at January $1128,000($cr$)$

Accounts written off as uncollectible during the year $88,000$

Quanto$$s bad debt expense for the year ended December $31$ is $\_\_\_\_\_\_\_\_.$

$$120,000$

$$80,000$

$$88,000$

$$160,000$