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On December 31,2020 , Bankard Company's allowance for uncolloctible accounts had a normal crecit balance of $50,000. During 2060, Bankand wroe of uncolectitie. accounts of

On December 31,2020 , Bankard Company's allowance for uncolloctible accounts had a normal crecit balance of $50,000. During 2060, Bankand wroe of uncolectitie. accounts of $35,000. On December 31,2020 , Bankard's uncolloctible account analysis indicated that $70,000 of accoints receivable were not colloctole as of December 31. 2020. How much in uncoliectible account expense did Bankard report on its 2020 income statement? A. $55,000 B, 585,000 c. $30.000 D. $70,000

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