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Current Attempt in Progress The following information is related to December 31, 2021 balances. Accounts receivable $3160000 Allowance for doubtful accounts (credit) (288000) . Cash

Current Attempt in Progress The following information is related to December 31, 2021 balances. Accounts receivable $3160000 Allowance for doubtful accounts (credit) (288000) . Cash realizable value $2820000 During 2022 sales on account were $883000 and collections on account were $518000. The company wrote off $45000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $338000. Bad debt expense for 2022 is O $5000. $338000. $95000. $50000

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