Bonita Industries prepared an aging of its accounts receivable at December 31, 2020 and determined that the amount expected to be collected was $897500. Additional information is available as follows: Allowance for uncollectible accounts at 1/1/20-credit balance $101500 Accounts written off as uncollectible during 2020 67000 Accounts receivable at 12/31/20 967000 Uncollectible accounts recovered during 2020 15000 For the year ended December 31, 2020, Bonita's bad debt expense would be O $69500 O $20000 O $67000 O $49500 Sheffield Inc. took a physical inventory at the end of the year and determined that $833000 of goods were on hand. In addition, the following items were not included in the physical count Sheffield, Inc. determined that $96000 of goods purchased were in transit that were shipped to.b. destination (goods were actually received by the company three days after the inventory count). The company sold $41500 worth of inventory fo.b. destination that did not reach the destination yet. What amount should Sheffield report as inventory at the end of the year? O $833000 O $874500 $970500 O $929000