Brief Exercise 4-07 Splish Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In 2020, Splish decides to increase its estimate to 2% Ir the new rate had been used in prior years, cumulative bad debt expense would have been $401,200 instead of $300,900. In 2020, bad debt expense will be $123,600 instead of 192,700. If Splih tax rate Is 104, what amount should report as the cumulative effect of change the estimated bad debt rate? (Do not leave an answer Meld ank Enter for amounts) The cumulative effect of changing the estimated bad debt rate Click if you would like to show Work for this question Open Show Work CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK CES NEET Brief Exercise 4-07 Splish Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In 2020, Splish decides to increase is estimate to 25. If the new rate had been used in prior years, cumulative bad debt expense would have been $401,200 instead of $300,900. In 2020, bad debt expense will be $123,600 instead of 192,700. Ir Soluhy tax rate 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate? (Do not leave any answer field bank. Enter for amounts) The cumulative effect of changing the estimated bad debt rate Click it you would like to Show Work for this questions On Show Work Study Question Attempts 0 of 4 used SAVE POR LA SUBMIT