In 2022 the Splish Brothers Inc. had net credit sales of $1020000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $23100. During 2022, $34200 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $242000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022? O $34200 O $47300. $24200 O $35300 The following information is related to December 31, 2021 balances. Accounts receivable $1460000 Allowance for doubtful accounts (credit) (106000) Cash realizable value 1354000 During 2022 sales on account were $371000 and collections on account were $201000. The company wrote off $21000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $145000, Bad debt expense for 2022 is: O $60000 $145000 O $39000 $18000