Panioara Company has an accounts receivable account of $98,000 on December 31, 2020. There is a $2,500 balance left in the allowance for bad debt prior to the adjusting entries. The company follows an annual cycle. The balance for the various A/R age groups and their uncollectible rates are as follows: Age of Accounts Balance as of December 31, 2020 Estimated percentage of uncollectible 1) Not yet due $70,000 4% 2) Up to 60 days past due $20,000 15% 3) More than 60 days $8,000 30% past due Part A) What is the bad debt expense for the year 2020? Part B) What the $ value of net accounts receivable on the 2020 year-end balance sheet? Part C) Early the next year, the 2020 financial statements are reviewed by an auditing firm. The auditor asks the company to raise the estimated percentage uncollectible for accounts more than 60 days past due up to 40%. Company management decides to adopt the auditors' suggestion and immediately incur a bad-debt expense as a matter of exception (assume this is fine and allowed). Assuming that there have not yet been any changes to the allowance in the year 2021, what is the impact on the accounting equation when the company records the auditors' suggestion