Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $478,000 and $1520 respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $315,000 and $303,000, respectively, and $1790 in accounts receivable were written off Calistoga's 2018 bad debt expense is $775 $945 $909 $1620 QUESTION 4 Sparks Furniture Company carries three lines of sofas. Information about the sofa inventory as of the end of its most recent fiscal year follows If LCM is applied to each separate product line, what is the amount of the adjustment that must be made to the company's inventory? Product Line Rustic Mediterranean Contempora Quanti Cost per Unit $760 660 1010 Market Value per Unit $845 725 720 310 420 335 $97,150 $17,150 $53,650 $43,500