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Classic Auto Parts sells new and used auto parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During 2008, its first year of operations, Classic Auto Parts experienced the following: Assume that Classic Auto Parts uses the direct write-off method of accounting for bad debts. What is the amount of bad debts expense for 2008? Multiple Choice 1274 2.668 Multiple Choice 1.274 2668 1354 4.062