Different figures. Read through carefully.

Exercise 5-65 (Algorithmic) Aversge Uncollectible Account Losses and Bad Debt Expense The accountant for Porile Company prepared the following data for sales and losses from uncollectible accounts: *Losses from uncollectible accounts are the actuat losses related to sales of that year (rather than wrike-olfs of that year). Required: 1. Calculate the average percentage of losses from uncollectible accounts for 2015 through 2018 . Enter your answer as percentage, rounded to one decimal piace (e.9. 0248563 to 2.5% 2. Assume that the credit sales for 2019 are $1,110,000 and that the weighted average percentage calculated in Requirement 1 is used as an estimate of losses from uncollectible accounts for 2019 eredit sales. Determine the bad debt expense for 2019 using the percentage of credit sales method. Round your answer to the nearest. dollar Brief Exercise 5-47 Percentage of Credit Sales Method Ruby Red manufactures, markets, and distributes citrus flavored soft drinks across the globe, Puby Red hired a collection agency in 2018 to increase collection rates from customers. As a resufy Ruby estimates that only 2% of its 2019 credit sales will be written off, compared to the 4% of 2018 's credit sales that were estimated to be uncollectible. At December 31, 2019, Huby Red has a $12,800 credit bolance in its allowance for doubtul accounts and credit sales of $1,570,000. Required: Use the percentage of credit sales method to calculate the bad debt expense