Nonsense Company started 20X1 with $370,000 of Accounts Receivable and an Allowance for Doubtful Accounts of $18,000.

During 20X1, Nonsense accrued bad debt equal to 1% of Sales Revenue. At the end of 20X1 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 12/31/20X1 assuming the 20X1 Sales Revenue totaled $800,000 and that the company wrote off $22,000 of Receivables during 20X1.

Days past due Total o days 1 to 30 days 31 to 60 days 61 to 90 days Over 90 days Accounts Receivable $440,000.00 $229,000.00 $145,000.00 $48,000.00 $11,000.00 $7,000.00 Percent Uncollectible 3.0% 6.0% 9.0% 30.0% 70.0%