In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $83,500. During the year, Dinty wrote off $31,900 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,210,000, and cash collections from credit customers totaled $1,930,000. What bad debt expense would Dinty report in its first-year income statement?

Multiple Choice

• $83,500.

• $51,600.

• $115,400.

• Can't be determined from the given information.