Cook Co. determined that the net value of its accounts receivable at December 31, year 5, based on an aging of the receivables, was $235,000. Additional information is as follows: Allowance for doubtful accounts - 1/1/year 5 Uncollectible accounts written off during year 5 Uncollectible accounts recovered during year 5 Accounts receivable at 12/31/year 5 How much was recognized as bad debt expense? $ 40,000 $ 22,000 $ 8,000 $270,000