Masks Are Itchy Inc. started the period with a beginning balance of Allowance for Doubtful Accounts of $20,000. Masks Are Itchy does an aging of receivables at the end of the year, 12/31/2020. The schedule is as follows: % $ amount Age Amount uncollectible uncollectible 1-30 days 250,000 1% 2,500 31-90 days 100,000 5% 5,000 91+ days 50,000 50% 25,000 400,000 32,500 Assuming Masks Are Itchy Inc. uses the percentage of receivables method, what is the amount of bad debt expense it will record at 12/31/2020 ? Independently, assume that during the quarter, Masks Are Itchy Inc. determined that customer Bob was not paying the $3,000 that was owed. The journal entry for the write-off will include: a debit to accounts receivable of 3,000 a debit to allowance for doubtful accounts of 3,000 a credit to allowance for doubtful accounts of 3,000 a debit to bad debt expense of 3,000 What is the amount of change in net assets that arises from this write-off?