January one, tower Companion coperchio, a Calender veel.com Years the cost of the machine is $750,000 and has an instal useful life of 10 years (or 800 ouo units of product). The machine has an expectal Salvazoval of $60,000 The machire produced 75,000 units of product units of posduct in your are that is depreciate Diese Ding bulance methael At year one? 75,000 6 69,000 6 138,000 d) 150.000 * Your Coraptany acepted credit card rerevalles in erburg of $50.000 og services provided to customers. The credit card company charges 3% service charge. This transachon world. Girertese expense by 2,500 6 Inreace Account recrable by $47,500 o Increase retained earning, by 150,000 decrease liabilities by $2,5ooo @ Increase cash by 150.000 T T AL On January 1, 2019 Your Company had a $4,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During the year, Your Company provided $25,000 of service on account. The company collected $24,000 cash from account receivable. Bad debts are estimated to be 2% of sales on account. How much bad debts expense will be recognize on the 2019 income statement? $480. $250. . $500. $80