Exercise 708 b The chief accountant for Flint Corporation provides you with the following list of accounts receivable that were written off in the current year: Date Customer Amount Mar 31 Carla Vista Co. $7,520 June 30 Tamarisk, Inc. 6,850 Sept. 30 Annie Lowell's Dress Shop 11,400 Dec. 31 Vahik Uzerian 7,450 Flint Corporation follows the policy of debiting Bad Debt Expense as accounts are written off. The chief accountant maintains that this procedure is appropriate for financial statement purposes. All of Flint Corporation's sales are on a 30-day credit basis, and the accounts written off all related to current year sales. Sales for the year total $3.40 million, and your research suggests that bad debt losses approximate 2% of sales. (b) By what amount would net income differ if bad debt expense was calculated using the allowance method and percentage-of-sales approach? (Enter change in net income as a positive amount.) $ Bad debt expense using allowance method and percentage-of-sales approach Bad debt expense using the direct write off method $ Difference in net income