Netty Corporation was established on 1/1/2019. During 2019, the company experienced the following:

	credit sales $350,000
	collections on credit sales $270,000
	aging analysis of accounts deemed uncollectible at 12/31/2019 shows $8,500 of potentially uncollectible accounts

a) Assuming that Netty uses the aging approach to estimate uncollectible accounts: what is the amount of bad debt expense for 2019?

$ __________

b) What is the balance of Netty's net accounts receivable on December 31, 2019?

$__________

c) Now, assuming that Netty estimates bad debts using the percentage-of-sales approach: what will be the amount of bad debts expense for 2019 if Netty estimates that 2.5 percent of credit sales will become uncollectible?

$ __________