MCQ Springtime Company recorded $4,200,000 in credit sales in 2021 and prepared the following aging schedule of their $830,000 in accounts receivable as at December 31, 20X1. The balance in their allowance for doubtful accounts before year-end adjustments is a $4,000 credit. The bad debt expense for 2021 is: Day BE G- Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $19 750 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. $18,750 b $22,750 $26,750 d $45,000 Springtime Company recorded $4,200,000 in credit sales in 2021 and prepared the following aging schedule of their $830,000 in accounts receivable as at December 31, 20X1. The balance in their allowance for doubtful accounts before year-end adjustments is a $4,000 credit. The bad debt expense for 2021 is: G Days outstanding Balance Estimated percentage uncollectible 0 - 30 days $450,000 1% 31-60 days 275.000 23 61-90 days 67.500 5% over 90 days 37,500 25