Presented below are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Nash Company's unadjusted trial balance at December 31, 2017, included the following accounts. Debit Credit $55,400 Accounts receivable Allowance for doubtful accounts Net sales $5,960 $1,262,800 Nash Company estimates uncollectible accounts to be 6% of gross accounts receivable. Determine its bad debt expense for 2017. Bad debt expense for 2017 2. An analysis and aging of Crane Corp. accounts receivable at December 31, 2017, disclosed the following. Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) What is the net realizable value of Crane's receivables at December 31, 2017? $183,560 1,751,000 125,460 The net realizable value1567440