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Metlock, Inc. unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $1110000 Allowances for Doubtful Accounts $22000 . Bad debts are estimated

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Metlock, Inc. unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $1110000 Allowances for Doubtful Accounts $22000 . Bad debts are estimated to be 5% of outstanding receivables. What amount of bad debt expense will the company record $55500 $56078 $33500 O $32222

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