Lontidentlallty. No set B E G Company reports gross AR of $74,000 and allowance of $4,400 on Jan. 1, 2017 During the year ended December 31, 2017 They Report the following activity Sales on account total $395,000 Collections from sales on account total $362 200 They write off accounts totaling $17,000 Additionally, they use the percentage of sales on account method to calculate bad debt expense, and apply a rate of 5% For Dec 31, 2017, Calculate: year 1) Bad debt expense 2) Allowance balance 3) Net AR 4) AR turnover ratio