On December 1, GC Inc. has a beginning balance of $100,000 for accounts receivable (debit) and of $4,000 for the allowance for doubtful accounts (credit). As of December 31, GC Inc. has a balance of $220,000 of accounts receivable (debit), of which GC estimates they will be unable to collect $12,000. Other activity during the month: Activity Amount Write-offs $9,000 Recovery $2,000 Use this information for the next 2 questions. Description GC determined that a customer (Bert Industries) will be unable to pay their balance of $9,000 of accounts receivable Of the $9,000 that GC did not intend to collect, GC received payment of $2,000 from Bert Industries What is the net realizable value of accounts receivable On December 31? 218,000 222,000 208,000 197,000 220,000 What is the bad debt expense for the month of December? 15,000 9,000 21,000 12,000 8,000