Make the following assumptions related to 2020 (next year). Snap-On's revenues next year will be the same as the revenues this year. All of the firm's revenues come from credit sales. The share of credit sales that the firm concludes will default in 2020 is 0.5%. Assume that specific write offs during 2020 are $16 million. Ignore contract receivables and contract receivables. Calculate the allowance for doubtful accounts and the bad debt expense for the firm for 2020