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please help Waterway Company has a debit balance of $5020 in its Allowance for Doubtful Accounts before any adjustments are made at the end of

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Waterway Company has a debit balance of $5020 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Based on review and aging of its accounts receivable at the end of the year, Waterway estimates that $70200 of its receivables are uncollectible. The amount of bad debt expense which should be reported for the year is: $5020.$65180.$70200.$75220.

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