For the year ended December 31, 2020, Ferguson Corp.estimated its allowance for doubtful accounts using the year-end aging of accounts receivable. Additional information for calendar 2020 follows: Allowance for doubtful accounts, beginning Estimated uncollectible accounts during 2020 (1% of credit sales of $8,000,000) Uncollectible accounts written off during year Estimated uncollectible accounts per year-end aging $74,000 80,000 104,000 148,000 For the year ended December 31, 2020, Ferguson's bad debt expense should be $104,000. O $178,000. $74,000. $252,000 Which of the following items would be inventory for a company like Marriott Hotel Corporation? O hotel rooms O food and beverage stock cleaning supplies O all of the above What is the single most important indicator used to identify impaired accounts receivable? The customer's payment history. The age of the accounts. Industry in which the company operates. O Credit reports and references. In a periodic inventory system, if ending inventory is understated, net income is understated. O working capital is overstated. the current ratio is overstated. O cost of goods sold is understated