CES M dy Problem 6-8 Here is information related to Metlock, Inc. for 2017. Total credit sales Accounts receivable at December 31 Bad debts written off $1,569,000 784,500 38,100 CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT (a) What amount of bad debt expense will Metlock, Inc. report if it uses the direct write-off method of accounting for bad debts? Bad debts expense $ (b) Assume that Metlock, Inc. decides to estimate its bad debt expense based on 4% of accounts receivable. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a balance of $3,000? Bad debts expense $