Equipment was purchased for $88300 on January 1, 2021. Freight charges amounted to $3600 and there was a cost of $12000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $19000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31,2022 if the straight-line method of depreciation is used? $14540 $16980. $28460. $33960. The financial statements of the Blossom Company reports net sales of $888000 and accounts receivable of $69600 and $36000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.) 43.4 days 9.5 days 21.7 days 33.9 days Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $52000. If the balance of the Allowance for Doubtful Accounts is a $6400 credit before adjustment. what is the amount of bad debt expense for that period? $52000 $6400 $58400 $45600