Exercise 7.12 (Algo) Uncollectible occounts; allowance method estimating bad debts as percentage of net sales vs. direct write-off method [LO7-5, 7-6] Evin Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentape of credit sales. For 2021. net credit sales totaled $5,200,000, and the estimated bed debt percentage is 130x, No previously written-off accounts receivable were reinstated during 2021. The allowance for uncollectible accounts had a credit balance of 549000 ot the beginning of 2021 and $43,500, after adjusting entries, at the end of 2021 Required: 1. What is bad debt expense for 2021 as a percent of net credit sales? 2. Assunte Ervin makes no other adjustment of bad debt expense during 2021, Determine the amount of accounts receivable writed off during 2021 3. if the comparty uses the direct write-off method, what would bad debt expense be for 2021