Cullumber Co.uses an aging schedule at December 31. Number of Days Outstanding Accounts Receivable $266,000 Estimated % Uncollectible Estimated Uncollectible Accounts 0-30 days 1% $2,660 31-60 days 71.000 4% 2,840 61-90 days 45,400 12% 5,448 Over 90 days 21,400 22% 4,708 Total $403,800 $15,656 Assuming the allowance for doubtful accounts has an unadjusted credit balance of $5,280 at December 31, what is the bad debt expense for the vear? Prepare the current assets section of the balance sheet for Cullumber Co. Assume that, in addition to the receivables, it has cash of $86,200, merchandise inventory of $133,000, and prepaid insurance of $9,000. (List Current Assets in order of liquidity) CULLUMBER CO. Balance Sheet (Partial)