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On December 31, 2021. Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $63.000 and $1.225, respectively During 2022. Larry's

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On December 31, 2021. Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $63.000 and $1.225, respectively During 2022. Larry's wrote off $2,500 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5.450 at December 31 2022. Bad debt expense for 2022 would be: Multiple Choice $4175 $1225 $5.450 56725

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