Nonsense Company started 2021 with $370,000 of Accounts Receivable and an Allowance for Doubtful Accounts of $18,000.

During 2021, Nonsense accrued bad debt equal to 1% of Sales Revenue. At the end of 2021 Nonsense made a final bad debt adjustment using the below aging analysis:

What value will Nonsense report as Bad Debt Expense for the twelve months ended 12/31/2021 assuming the 2021 Sales Revenue totaled $800,000 and that the company wrote off $22,000 of Receivables during 2021.

Group of answer choices

None of the answer choices provided are correct.

$28,090

$32,090

$8,000

$22,000

$24,090