Betty DeRose, Inc. prepared the following aging schedule for its accounts receivable at December 31, 2003: % estimated to Categog Amount be uncollectible not past due $100,000 1% 1 30 days past due 50,000 3% 31 60 days past due 20,000 5% 61 90 days past due 10,000 20% over 90 days past due 8 000 40% total accounts receivable $188,000 The balance in the allowance for doubtful accounts was a credit balance of $500 before the adjustment for bad debt expense. Betty's 2003 bad debt expense is equal to: A. $8,200 B. $8,500 (3. $8,700 D. $8,000 E. $8,200 The net realizable value at December 31, 2003 is: A. $178,300 B. $178,800 (3. $178,000 D. $178,500 E. $178,800