Presented here are liability items for Delta Company at December 31, 2020. Calculate the total long term liabilities reported on the balance sheet. Accounts payable Notes payable (due May 1, 2021) Bonds payable (due 2024) Unearned rent revenue Discount on bonds payable $157,000 20,000 900,000 240,000 41,000 7,800 40,000 80,000 FICA taxes payable Interest payable Notes payable (due 2022) Campanez Company uses the percentage-of-receivable basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are 420,000 at the end of the year, and the allowance for doubtful accounts has a debit balance of $800. What is the amount of bad debt expense recognized in the company's income statement? 2